If you are considering investing in a Home Unit as a rental property; don’t overlook the Granny Flat Option. A Granny Flat on your own property could save you serious money vs a Home Unit investment.
A lower purchase price is just the beginning of the Granny Flat advantage. You could avoid Strata costs, legal bills and Stamp Duty. You may also choose to manage the property yourself, rather than paying a third party for the privilege.
And recent Granny Flat legislation has opened up an enormous opportunity for Investors to maximise their returns.
Of course, every property and district is different; however rental returns are often comparable between a Home Unit and a Granny Flat. Your Real Estate Agent can advise you here.
The construction of a Granny Flat by Ian Cubitt’s Classic Home Improvements is a stable investment that can safeguard your retirement income. As the largest Granny Flats builder in NSW, we can ensure that you will have the best opportunity to take advantage of a great asset that will provide you with ongoing rental returns.
Your Granny Flat investment can:
✔ Pay itself off in 5-7 years
✔ Provide a steady income once paid off
✔ Make money using wasted yard space
✔ Increase the value of your property immensely
✔ Be a great tool for negative gearing
✔ Be council approved in as little as 10 days
✔ Provide a long term investment