How Can the Best Granny Flat Builders in Sydney Bring Your Vision to Life?
Best granny flat builders in Sydney, Custom granny flats in Sydney
You are the kind of person who has worked hard for the essential things in your life. The home you live in is a real pride and joy, and the family you cherish has made all your previous sacrifices worth it. But maybe your children have reached the age where they need more privacy, or perhaps you finally want to possess an additional building in which you can entertain your guests. Either way, the current property market in Australia most likely makes house hunting for a larger residence out of the realm of possibilities. That is why you are most likely interested in the services of the best granny flat builders in Sydney.
Why should you be interested in custom granny flats in Sydney? One word: affordability. ADUs are simple, cost-effective buildings that can give you the extra space you need. And when built by some of the best granny flat builders in Sydney, they can provide your primary home with a boost in market value that can turn over time into a wise investment. But you may need more details, so in the next few minutes, we'll look together at the advantages of custom granny flats in Sydney and outline why they've soared in popularity in recent years.
Giving You a Boost in Market Value
When built bythe best grannyflat builders in Sydney, ADUs can add extra value to your home, synonymous with a positive ROI. The value of an Australian home can increase by up to 30% if it has an ADU next to it, and this means you could gain a significant profit if you are looking to sell your dwelling. Suppose your propertyhad a market value of $700,000 before you started building your ADU. With a moderate investment, you could make a significant profit in the near future.
If you decide to put $100,000 into the construction of an ADU, your home will now be worth $210,000 more, which would translate into a net profit of $110,000 if you subtract the costs associated with building your granny flat. These calculations can, of course, vary depending on the market conditions. But, as a general rule, custom granny flats in Sydney have become a safe and familiar investment for many people and are now synonymous with Australian households.
Providing a Stable Income
Rising populations in major Australian cities such as Sydney and Melbourne have created a massive demand for affordable housing. When designed by the best granny flat builders in Sydney, ADUs can represent a steady source of income for homeowners that, over time, will pay off the initial investment.
The average rental price in Sydney is over $500 a week, but ADUs are generally cheaper by $100-150, making them sought-after dwellings that will always have prospective tenants. If you build a one-bedroom granny flat for $75,000 and charge $1600 a month in rent, then the entire cost associated with the construction of the ADU will pay for itself in just four years, which by all accounts can be considered an excellent investment.
The growing popularity of ADUs can also be seen in the statistics. Between 2000 and 2019, ADUs listed on the rental market grew from a share of 1.6% to one of 6.8%, and the same upward trend can be seen among sold residences. Granny flats are easy to build, cheap to maintain, and can pay for themselves in just a few years. They can be used as accessory dwelling units for people who want a bargain, as extra space for the loved ones in your life, or as additional rooms in which to carry out your activities.
The permits required for constructing an ADU are much easier to obtain than for developing a new house. In most Australian states, you don't even require building approval. Instead, you only need a planning permit and to follow the general residential design code applicable to your geographical area. As a general rule, in New South Wales, ADUs must be built on the same lot as your main home, and the land on which the property is to be made must be larger than 450 square metres. Another requirement of custom granny flats in Sydney is that they cannot have a floor plan greater than 70 square metres, of which the internal space must not exceed 85% of this size. Furthermore, the internal height of the building cannot be taller than 8.5 metres.
The distance that must be maintained from your primary residence, the space allowed up to the tree line, and the minimum courtyard required are also aspects that must be taken into account and which may vary depending on your location. By hiring professionals to handle the construction of your custom granny flats in Sydney, you can ensure that all the council requirements will be met and that all the paperwork will be taken care of without you being directly involved. You are busy, and you cannot keep up with all the bureaucratic changes in the Australian states, so calling a professional company can be a breath of fresh air.
ADUs Can Be the Solutions to Your Problems
Do your grown-up children need extra privacy until they can find their own homes? Then a granny flat may be ideal. Alternatively, you may want to invest in a property that will bring you a passive income or one that can be used to accommodate your relatives. Either way, custom granny flats in Sydney may be the answer to your problems and can be a great way throughwhich youcanimprove yourfamily'sliving.Whenbuiltbythebestgrannyflatbuilders in Sydney, ADUs can increase the market value of your home and can be an investment that leads to a positive ROI.
Moreover, granny flats can solve one of the most critical problems of living in Australian homes: space. When you signed your current mortgage, the house you picked was most likely the perfect dimension for your requirements. But a few years later, and with a larger family on board, you may need extra space. However, changes in the real estate market don't allow you to move to a bigger residence, so what to do? An ADU can be a middle ground, cost-efficiently giving you privacy and flexibility. And this flexibility is what propelled their popularity in recent years.