Add Values And saves Up To 30%
Granny Flats Boost Property Values By 30 Per Cent
- by Graeme Salt
- in Finance Property Investment Rental property
More than half a million homeowners have enough space on their property to build a granny flat, which could boost home values by 30 per cent and add around 27 per cent to rental income according to a recent survey
The survey, by CoreLogic and Archistar, identified 583,440 properties in Sydney, Melbourne and Brisbane that meet the criteria for an additional self-contained unit of at least 60 square meters.
The Quickest Way to Boost Property Values
Constructing a two-bedroom granny flat with QuickestBuiltHomes would require an initial investment of around $ 90,000 where else Australian wide granny flats cost as much as $110-$200,000 and have proven to be one of the quickest ways of manufacturing equity and boosting rental yield.
However, while inexpensive, investors have to be sure they stay on the right side of the law. Each state has separate legislation on the right to occupy granny flats, there are issues relating to the subdivision of the property, plus Capital Gains Tax considerations.
For further advice on how to structure the granny flat investment correctly, please contact Chan & Naylor.
We have built granny flats Australia wide at budget cost BUT highly quality and design is offered by QuickestBuiltHomes design team
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