So many people look forward to building a granny flat. Indeed it is one of the best things you can have since it is loved by the family members especially the kid. Some people use it as a way to relax while for some it is a play area or the storage area. To use the unused space, nothing can be a better approach than a granny flat. But if you are still hesitant on whether it is the reliable option or not then here are a few of the reasons that may change your mind and help you understand the clear viewpoint.
- Know More About Granny Flat:
While investing in a granny flat in Dural you need to understand that it can be a great accommodation choice for the parents who are having or the one who has good guest houses. Such type is the right choice that allows you to use every property inch by fitting rightly a functional home in the small space. But again, you need to be clear with the final advantages as well when you are investing in the same.
- Positive Investment:
To build a granny flat can always turn out to be a great experience but one single mistake can even turn it out to be a negatively geared property. However, your building experience with regards to granny flat can always be the positive one as you are at high chances of earning more property after you even repay the interest.
- Depreciation Asset
Such a type of flat can often offer the investor with substantial depreciation entitlements. As per the research made by the professionals, it has been stated that depreciation at average rate can go $5,288 that accumulated to around $23,713 along with the deduction of over the first 5 years.
- Highly Affordable:
To build or even buy a granny flat can often be a cheaper option as compared to investment in a standalone property. The constructions of such a flat are not much needed but yes the cost of buying a property can kick-start your investment portfolio without any need to take out a large or even to have a problem in paying off the loan. To build a granny flat on the land all it needs is the right investment to be made.
- Better Property Value:
Irrespective of whether you are looking forward to renting or use it for personal reasons this can always be a great asset to you as it can always increase the value of your property. Since you will be making a room for additional occupancy which will pay the dividends in case of the home and land values, you can always build a granny flat extending your main dwelling.
There is no hassle in getting the approval and as you can see many professionals are building such granny flats in Dural. now it is time that you get the right one in your hem property.