3 Reasons to Build a Granny Flat with your New Home
Adding or including a granny flat to your new or existing home is becoming really popular. There is so many reasons and benefits to having a granny flat and here is why you should build it when you build your new home.
Reason 1: Save Money
This is particularly applicable if you want your granny flat to have a slab foundation. Building the granny flat at the same time means that you save money in several ways.
Firstly, you only need to complete one application for the whole development. If you decide to build the granny flat later, it will mean paying and waiting for a complete second application. If you fully intend on building the granny flat, it is more economical to simply apply to build both in the same application.
Secondly, it costs the builder less to build the granny flat at the same time and they do pass that saving onto you. This has a lot to do with the costs of getting materials delivered. The suppliers simply deliver the materials for both the granny and the home at the same time. This can save thousands of dollars.
Reason 2: Site Access
Once you’ve built your main home, there is often restricted access to the area where you plan on putting the granny flat. There may still be a footpath and you might even have a driveway, but there may not be great access for deliveries. This can add time to the build and might add different costs like crane hire, traffic control, and additional wages for the extra time the trades are on site. These additional costs can be avoided if the new home is being built at the same time.
Reason 3: Investment
Granny flats can be a great source of income! Renting in Sydney is very popular in the current climate. A two bedroom granny flat can bring in upwards of $300/week in most areas. Building it with your main home means that you can get some renters in just weeks after you move in yourself. The return on investment is often very good and may be a great way to offset some mortgage stress.
Whether you are thinking of building a granny flat for family or investment, it is definitely more economical to build the granny flat with your main home. Not only does it save you money but you are able to reap the reward sooner.