Granny Flats, seen as a long- term investment for Perth homeowners

 

 

Granny Flats have come a long way from being a guest unit to accommodate “grandma”, “grandpa” or another relative. Granny flats were seen back then as a cost-effective and long-term approach to caring for an elderly rather than putting them in assisted living facilities that cost twice as much. But now, granny flats are seen as a possible solution to homelessness in Australia. Furthermore, these granny flats could be a family’s way to increase household income.

Affordable housing has been one of the growing problems across Australia. There is an increasing number of people who cannot afford to pay rents or buy houses. A coalition of social groups called Australians for Affordable Housing has made an approximation that there are now hundreds of thousands that are homeless. About 22, 000 applicants have lined up for social housing in Western Australia at the end of July last year. This was the all-time high recorded for these applications, many of which have been waiting for years.

A survey conducted by government last year to find out how many people in Perth are homeless showed that seven out of ten are living in the streets or in cars. Only about 12% were able to find temporary housing. Repossession and escalating prices of homes or apartments for rent are among the reasons for this dilemma. The government said that they are committed to decreasing this number by half. They seek to offer shelter for everyone by 2020.

With a new amendment in housing driven by planning minister John Day, most homeless people from Perth see granny flats as a way of acquiring affordable housing. With possible removal of the requirement that tenants should be a relative or family member, there will be alternative low-cost housing options for the people. There would be retirees or small families who would want to rent out their backyards to students, single people, or immigrants.

 

Also, Mr. Day said that floor space allowance for each granny flat will increase from 60 to 70 square meters. Furthermore, minimum lot size required by the planning department for single houses will also decrease from 350 square meters to 260 square meters. But, they will still require building licenses regardless of the lot size.

A granny flat is a long-term investment. Building a granny flat will not only add value to your property but can also provide additional income from the rentals you get. Let’s say you build a granny flat for $100,000 in Perth. Upon completion, you can get a tenant to pay $450 per week minus mortgage of $200. That would be a gross yield of 23% or an additional household income of $13,000 per year.

Homeowners looking in to see if their property qualifies should keep in mind that normal planning requirements will still apply. Some might think that building granny flats is easy. They may want to do these themselves but they should keep in mind that depending on their location, there are certain requirements as stated above that applies and that only experts in this buildings can do.

With the amendment coming through possibly on August this year, many building companies have seen this opportunity to grow their businesses. Now there are several businesses that cater to this growing trend in housing reform. Granny Flats Perth WA is among them. It is a building business; specializing in building quality Granny Flats. There flats range from $60,000 to $100,000.

If you want a long-term investment and additional household income, building a granny flat is the answer. Granny Flats Builder Perth can help you with that and rest assured that the job is done. You can check there website at http://www.grannyflatsbuilderperth.com./our-design/.

Discovering the Right Contractor for Your Granny Flat

Granny flats are prominent for a variety of factors. While they provide a security and benefit for the senior, they additionally add to addressing the intensifying real estate issue of Australia. This is an affordable choice, as they need lower building and upkeep prices. Nana flats could be gettinged as set families or they could likewise be recently constructed baseding on your choices. There are numerous building business managing structure of granny flats. Yet not every one of them are similarly knowledgeable. You have to choose the right one after examining the efficiency of these contractors meticulously.

 

In order to decide on the best building contractor for your granny level, there are specific elements that you should think about. The initial facet is that the building contractor ought to have a certificate to run. If the contractor could not give a permit, there are chances that the firm does not have the critical insurance coverages, appropriate expertise of the structure treatments, or the appropriate abilities for constructing a granny level. This is considerable as all building persuades $20000 have to be done by detailed contractors. This is to guarantee that must there be a trouble throughout your develop like personal bankruptcy, you are covered by insurance policy. The building contractor is likewise called for to have an OHS card. This card is offered by the Australian Authority Job Cover. For each and every bond that exceeds $12,000, there is additionally a requirement for sure insurance coverage. This consists of public obligation, building insurance coverage and homeowner assure insurance coverage.

An additional significant point to think about is the rate. The cost citation by the building contractor must neither be expensive neither also reduced. If the quotes are reduced, you must do your study and make additional cost analyses just before you register with them considering that there are higher probabilities that you will certainly acquire an ineffective structure job.

The contractor picked for the structure of a granny level should have the appropriate capabilities. A granny level is various from various other kinds of house building. It needs to be tailored in such a way that will certainly offer reduced upkeep or repair service expenses and ease to inhabitants. If you are visiting fit senior individuals in the granny level, it needs to be made baseding on their certain demands. Unique arrangements have to be finished. If they are burdened, the structure and place of the granny level needs to be created that it does not call for excessive cooling and heating expenses. All these aspects must be taken into consideration by a business that has the appropriate knowledge and understanding to create a granny level. To be certained of their expertise, you could additionally do a studio on their previous tasks.

Gran flats perth WA are tiny and small real estate systems that should be created to supply a comfy and exclusive living alternative for the “grannies”. It is important that the most effective building contractors are selected. You need to manage to acquire high quality outcomes for the rate that you are visiting pay.

Keep this in thoughts. Deal with the specialists that recognize just what they’re doing. There is a structure business in Perth called best Granny Flats Perth WA that could merely be the business you are searching for. Their group of specialists will certainly make certain that you are furnished with all the important info. This consists of danger decreasing approaches to guarantee that we could construct your Gran Flat on schedule, on spending plan and on target.