Classic Granny Flats WA – A Great Investment in Perth
As of the first August 2013 due to changes in legislation you can rent out a classic granny flat to assist you with additional income. So what does that mean to you? Let’s say you have teenage kids who need their own space. Well build a classic granny flat for them then when they move out put tenants in and increase your income to assist paying out your mortgage or even your retirement fund.
With the change in legislation many smart home owners who were previously hesitant about building a granny flat due to the short term needs are now taking positive steps knowing the space can be used as additional income once its initial use is fulfilled. Alternatively let mum or dad sell their home to fund a classic granny flat in your back yard so they can enjoy independence while gaining your assistance and support as age or health issues catch up with them as well as giving them additional funds to enjoy their retirement.
With the shortage of rental properties in Perth the value of your granny flat is likely to only appreciate the overall value of your property making it far more inviting to large families and investors alike. Many investors are now buying small homes on large land with a classic granny flat in mind to double the earning capacity in rental return. For example main home $450 per week rental income + classic granny flat rental return of $350 pw .that $41600 rental return pa . Smart investors think outside the square. Come and visit us at classic granny flats to have our qualified representatives assist you in taking the first step in improving your lifestyle or financial position today.