The Merits & Demerits of Investing in a Granny Flat

April 4, 2019

If you have an additional space in your compound, you would automatically be tempted to build a granny flat to maximize your current investment. Even the government is encouraging homeowners to spend money on affordable living areas. Before looking for home builders in Sydney, you might want to analyse the pro and cons involved in building granny flats.

Pros

Increased space for your family members
It is the right option to lodge your adult kids or elder family members. Having a personal space would provide them a sense of independence. At the same time, you can keep an eye on their well-being. Most of the granny flats lack stairs and thus it can easily accommodate people who lost some of their mobility.
Working environment
Nowadays, people prefer to work from their home. But it provides variety of distractions that could deter their concentration from the job. Granny flats can give you a personal working space which can really help you focus on your workload.
Add value to your home
A granny flat can increase the resale value of your home. But you would have to hire reputable granny flat builders in Sydney to make sure that it is of excellent quality. If you are unsure about this, contact a real estate agent in your area to know how much impact a granny flat can have on the value of your property. Finding a buyer who is interested in a property with an additional granny flat wouldn’t be very difficult in the real estate market.
Extra source of income
Make use of an otherwise wasted space by constructing granny flats and increase the source of your fund. Instead of relying solely on your job, you can have a secondary income by renting out the granny flat.

Cons

The total money spent on building a granny flat in Sydney might be more than what you have expected as there are always the threat of hidden costs during the construction. Thus it is essential to choose a home builder in Sydney who is clear about the whole price before signing the contract.
Though getting council approval is simpler than ever, ensure to follow all the rules properly. If not done correctly, it could create conflict later on.
If you are renting your granny flat, it is important to find suitable tenants. Because you would have to deal with the people living in your own backyard more personally and unpleasant tenants can affect you a lot.

Therefore, you would have to plan carefully from setting the budget to choosing your builder for getting the most out of your dream granny flat.

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Priya Uday

2023-06-13

Ron (site supervisor), you've given us a pleasant customer experience with our granny flat build You've been a game changer particularly when we had several professionals who were given the cap to manage our project for only brief times for reasons many Your signature attributes which does not limit to the friendly connect with your customer, transparent, timely and clear communication, go-get attitude, willing to go the extra mile for your customers, your eye for detail and giving us more than perfect examples.

Liana Totian

2022-12-02

Knock down rebuild of duplex in Denistone NSW. As this was our first build, we spent a lot of time speaking and researching builders. When we met with James, we felt at ease from the very first visit. James is the most honest, calm, easy going, and accommodating person. I am very fussy and would a times change my mind and never was it a problem with James. No issue was too big or small. I Highly recommend Amscorp and the wonderful, caring, dedicated, professional team. I’m absolutely wrapped with the workmanship and service from start to finish. You’re welcome to view my beautifully built family home to see for yourself.

Mick Patrovski

2022-10-05

Amescorp completed my granny flat in Hornsby, It was hassle free from start to finish. The site manager was brilliant in keeping me posted. Excellent professionalism. Very impressive construction. I highly recommended these guys as they deliver what they promise Mick.

Sam Fernando

2022-09-25

Amescorp built our granny on our investment property this year. Their communication, quality of work and attention to details has been amazing throughout the whole process from the time we walked into the showroom right up until we were handed our keys. James the director was great to deal with and was hands on throughout the whole process. We highly recommend using these guys if you are looking to build a quality granny flat. Thank again Sam

Tina Milovic

2022-08-17

We have just had our home built by Amescorp. We would like to Thank James and his team for a Beautiful home, from the design to final handover James and all his team and staff have done an amazing job. Thankyou Tina and Zoran

Gregg Thor

2022-08-08

Great place to look at granny flats. Good helpful staff willing to give you time and advice.