Are you considering on building a granny flat and weighing up the benefits of building a granny flat. Building a granny flat could add up to 30% of value towards your existing property and give you the ability of gaining an additional income.
Building a Granny Flat
Due to the increase of house prices across Australia, Australian families are looking for alternative ways to enter the property market. Enter the development of the “Granny Flat”.
A Granny Flat is defined as a secondary dwelling on an existing property. It can be used for a number of reasons such as additional living space or a home office.
Benefits of Building a Kit Home
Increase the existing property value
The more traditional factors to add value to your property is to renovate. Whilst this is still a great way to add value to your property, another way is to invest in building a granny flat. If your local council allows you to build a granny flat and you have enough room, it is a great investment and will provide you with a good return on investment if you decide to sell.
Additional Living space
Building a granny flat allows you to add living space to your home. Whilst their are restrictions in all states regarding the size of the granny flat, but there are elements to add such as decks and garages that are not included as living space.
Granny Flats could be used as an additional income to be rented out to help pay off a mortgage, credit cards or even save faster for that holiday. Depending on the size, location and interest some granny flats may earn $300 or even higher.
Save money and build yourself
Approaching builders to supply and install a granny flat will generally far exceed your expectations. Choosing a Prestige Kit Homes design, will save you alot of money. Our team will guide you through the whole process of building a granny flat on your property. From the intial planning stages right through to the moving in day.
Design and Functionality
Our design team can manipulate your design to match in with the current house on the property. We can design and engineer you home to be suitable for a floor system or a solid concrete slab. One of the biggest factors in building a Kit home is choosing between Treated Timber and Steel Frame construction. All our Granny flats can be suited to either.