In Australia, the value of property and houses are always increasing, this is why home owners and property investors are always looking for methods that would help them increase their income and their investment. There are numerous ways to add more value to an existing property. For example, if you have a property in Gladstone, which is one of the most successful property markets in Australia, you can add a granny flat to your property. The reason behind choosing the granny flat is that it will instantly add value to your property and will increase its price. Although, there are numerous factors and things that you will have to keep in mind before starting to add that granny flat and in this article, we are going to discuss most if not all of them.
Some people might wonder about the meaning of a granny flat. A granny flat is a form of an elders real estate Gladstone. This residence can be attached, detached or semi attached to the main residence of the homeowner. It is basically a secondary place of residence. It has its own bathroom, its own living space and its own kitchen. It is usually located on top of the garage or in any other location on the property. These granny flats add value to the property because they provide all of the needed elements for a dual occupancy. Dual occupancy is when two different families live in the same residential property in two separate dwellings. The value of the property will increase when you add a secondary and a smaller residential area on the property. You will be able to get money from it by renting it to a tenant and make money through the monthly rental fee.
Some people add the granny flat to their property but they do not need the money. This is because these flats have another usage. Some property owners prefer to transfer these granny flats into elders real estate Gladstone. This means that they will use it to provide a home for the elder family members in their family. This includes an elder parent or a grandparent; this is why the flat is called a granny flat. Some people feel obligated to take care of their older parents or grandparents because of what they have done for them over the years. The problem is that most people do not feel comfortable with sharing their living space with someone else. This is why granny flats can be very useful as it allows them to provide a home to these elder members and they will be close to them in case of an emergency but they live in separate living spaces. Other than elder members, some families like to give a helping hand to their children who are in college by giving them their own living space. Many families choose to do that because it allows their children to experience living by themselves and depending on themselves but in the same time, they are close to their parents in case of any emergency. It also allows them to focus on their study without the noise and the racket of living in a house with other people.
On the other hand, people who would want to monetize the granny flat will rent it to other people so they can earn money each month. They can choose to rent it to a complete stranger, a friend or a close family member who is looking for a place to rent. Renting it to a friend or a family member is recommended but if you have to rent it to a complete stranger, there are some things that you will have to consider. For example, you have to make sure that he knows all of the rules, regulations and stipulations.
Lastly, you have to make sure that the granny flat that you are adding to your property satisfies all of the building regulations in terms of size, décor and design. You can do that by hiring an architect who will help you in drawing the blueprints for the granny flat so you can present it to the authorities in Gladstone so you can get the needed permits.
Some people might wonder about the meaning of a granny flat. A granny flat is a form of an elders real estate Gladstone. This residence can be attached, detached or semi attached to the main residence of the homeowner. It is basically a secondary place of residence. It has its own bathroom, its own living space and its own kitchen. It is usually located on top of the garage or in any other location on the property. These granny flats add value to the property because they provide all of the needed elements for a dual occupancy. Dual occupancy is when two different families live in the same residential property in two separate dwellings. The value of the property will increase when you add a secondary and a smaller residential area on the property. You will be able to get money from it by renting it to a tenant and make money through the monthly rental fee.
Some people add the granny flat to their property but they do not need the money. This is because these flats have another usage. Some property owners prefer to transfer these granny flats into elders real estate Gladstone. This means that they will use it to provide a home for the elder family members in their family. This includes an elder parent or a grandparent; this is why the flat is called a granny flat. Some people feel obligated to take care of their older parents or grandparents because of what they have done for them over the years. The problem is that most people do not feel comfortable with sharing their living space with someone else. This is why granny flats can be very useful as it allows them to provide a home to these elder members and they will be close to them in case of an emergency but they live in separate living spaces. Other than elder members, some families like to give a helping hand to their children who are in college by giving them their own living space. Many families choose to do that because it allows their children to experience living by themselves and depending on themselves but in the same time, they are close to their parents in case of any emergency. It also allows them to focus on their study without the noise and the racket of living in a house with other people.
On the other hand, people who would want to monetize the granny flat will rent it to other people so they can earn money each month. They can choose to rent it to a complete stranger, a friend or a close family member who is looking for a place to rent. Renting it to a friend or a family member is recommended but if you have to rent it to a complete stranger, there are some things that you will have to consider. For example, you have to make sure that he knows all of the rules, regulations and stipulations.
Lastly, you have to make sure that the granny flat that you are adding to your property satisfies all of the building regulations in terms of size, décor and design. You can do that by hiring an architect who will help you in drawing the blueprints for the granny flat so you can present it to the authorities in Gladstone so you can get the needed permits.
No comments:
Post a Comment