The Investor’s Guide To Granny Flats
Fancy adding an extra $10,000 to your bank account each year?
An Acrow Investment’s granny flat can provide an excellent return on investment in the area of 10 – 20%. Savvy investors will realise that there is the opportunity to earn big bucks in providing affordable housing in this market with granny flats. Acrow’s granny flats are being rented out often for above market value due to the superior quality of build, excellent design and premium inclusions as standard.
The Daily Telegraph’s most recent article on granny flats shows that there is continued interest in these developments, including the increased interest in dual occupancies, or rather a home with granny flat built in concurrence. The benefits of building both home and granny flat at the same time include a massive reduction in (e.g. a bricklayer’s labour and material costs for a single home will be less competitive than that of a larger dual occupancy project)
“A granny flat built with bricks, tiled roof, timber frames on a slab can cost about $80,000 when built at the same time as a main house.”
Even if you are adding a granny flat to an existing property, it is certainly worth the investment. A simple calculation to work out your your ROI on your positively geared property is as followed:
CHOOSING ACROW INVESTMENTS
Acrow Investments are proudly local, specialising in the construction of granny flats, duplexes and dual occupancies in the Central Coast, Newcastle, Lake Macquarie, and Hunter regions. There is no better testimonial to a business than repeat customers, so we were delighted to build a second property for these clients.
Get in touch with the local experts today for site-specific advice and a free quote.
Acrow Investments are renowned builders of granny flats all along the Central Coast, NSW. We are located on the Central Coast with years of experience and expertise. We have already built homes for hundreds of...
Contact Acrow Investments and arrange your first meeting. Together we can turn your property dreams into reality. This project is a lakeside duplex in Long Jetty, NSW. Our brief was to maximise the investment...
Acrow Investments are renowned builders of granny flats all along the Central Coast, NSW. We have a reputation for top-quality affordable builds and hundreds of delighted customers. We are delighted with the result...