A granny flat is an independent living area designed especially for one or two persons that are located on the ground of a single-family home. It is named as granny flat since it is one of the ways to accommodate old age people. Often in the building industry, the granny flats Sydney are known as an accessory dwelling unit or accessory apartment.
Most granny flats are the smaller version of a housing unit which comes with complete kitchen facilities. In some cases, the kitchen facilities are limited so that you can use only the mini fridge, microwave, etc. Granny flats are the convenient, functional and versatile space that can be used to serve your family and later it can be used as a source of additional income. There are some regulations you need to follow when it comes to building a granny flat. Some of the granny flat regulation includes
The main benefit of owning a granny flat is getting additional income. A granny flat provides a second income for the homeowners. This additional income will help you to pay your mortgage earlier and will lead you towards quick financial freedom.
Owning a granny flat and renting it can give you extra claimable on your depreciation schedule. If you build a brand new granny flat with the help of Sydney granny flat builders, it will help you claim a lot of paper losses. This helps to offset the tax amount you have to pay every year.
The granny flat helps you increase the value of your property. When it comes to a family, it appears to be one room for their teenagers. On the other hand, the investor will give importance for the extra income it can derive to the owners.
Most people rely on single income to fund their lives. Renting out the granny flat can help you earn a second income. Choosing the right granny flat builders Sydney can help the owners built the high quality and comprehensive granny flats.
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