How to make your granny flat the fool proof investment

Posted on December 6, 2021

The granny flat is no longer just for granny!

As the name suggests, granny flats were originally designed to allow older generations to be close to their family, whilst still maintaining everyday independence. But with great design comes great opportunity, and for those with land to spare, granny flats have become a financial choice setting them up for years of extra income with a worthwhile initial cost.

Looking to upgrade your home?

Looking to upgrade your home? An excellent way to do this without living amidst the chaos of renovations in the rooms that surround you, is to build your granny flat first. This allows you to move into a peaceful space of your own while the house is being renovated. Once renovations are complete you can return to your new and improved home and advertise your granny flat on GrannyFlat Rental, through our easy 'List a Property' button or form here, and within no time the second income can help pay off those expenses by sharing on your granny flat!

If you ever decide to sell, you’ll get to appreciate the increased resale value the second dwelling adds to your house and the mass of buyers the asset will attract looking for a home office, teen retreat or also wanting a rental income. Check out our article on your granny flat and Capital Gains Tax here around renting out your granny flat. You may also like to read about 'how to prepare your granny flat to list on grannyflatrental.com.au' here.

Check in soon to hear from our members on their granny flat experiences or more articles we hope help your granny flat rental journey. Touch base if you have a story to tell please we love to share and grow our community -here.

Author Lisa de Ruyter - Founder GFR

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Disclaimer: Any information is of general help & not deemed as legal or financial advice. GrannyFlat Rental is not held responsible for any compensation from this general help.