{"id":2664,"date":"2023-06-09T13:02:17","date_gmt":"2023-06-09T05:02:17","guid":{"rendered":"https:\/\/www.summithomes.com.au\/?p=2664"},"modified":"2023-09-18T10:53:30","modified_gmt":"2023-09-18T02:53:30","slug":"adding-value-to-your-property-with-a-granny-flat","status":"publish","type":"post","link":"https:\/\/www.summithomes.com.au\/journal\/adding-value-to-your-property-with-a-granny-flat\/","title":{"rendered":"Adding value to your property with a Granny Flat"},"content":{"rendered":"
We all know who they were initially intended for, but granny flats can be so much more than a place for granny to live.<\/p>\n
Granny flats are a smart way for homeowners to add value to their property. Whether it be through short-term leases or tax reduction opportunities, a granny flat investment presents a range of ways to bring extra value to your property portfolio.<\/p>\n
Perth is currently in the midst of a rental shortage that shows no signs of easing. With a vacancy rate of just 0.4% \u2013 the lowest in over 40 years, there\u2019s never been a better time than now, to look at adding a granny flat to your backyard as a rental opportunity.<\/p>\n
Modern design and interior luxuries<\/a> make granny flats attractive rental options for everyone from students to working professionals. There\u2019s also the popularity of short-term holiday accommodation with websites such as Airbnb which make it incredibly easy for homeowners to offer their granny flat investment as holiday accommodation.<\/p>\n The granny flat experts at Summit Granny Flats can help make sure your investment meets all relevant approvals for rental properties<\/a>. Granny flats can be rented out to generate extra income in Western Australia, NSW, the Northern Territory, Tasmania and the ACT, but not in Queensland, South Australia or Victoria.<\/p>\n The amount of rent you can charge varies, depending on the size of your granny flat and your location.<\/p>\n When it comes time to sell, a second dwelling on your property is a huge bonus. Potential buyers with teenage or adult children, or ageing parents will see the appeal in a separate self-contained home on the same title.<\/p>\n A Granny flat may also appeal to those wanting a home office or studio, and those who want somewhere comfortable for guests to stay.<\/p>\nAdd value to your home<\/h2>\n