Having a Granny Flat Could Add Value to Your Property By 30%

We have big news for homeowners across Australia as according to combined researches by Archistar & CoreLogic and their report on granny flats, building these flats on your property has the potential to increase their value by about 30% and add another 27% to the homeowners’ rental income. The research revealed that just over half a million homeowners inhabiting the eastern seaboard of Australia have sufficient space on their lands to construct a granny flat. 

Researches by Archistar & CoreLogic

Top suitable areas in Australia

The analyses by the research departments of these two lead to them identifying a total of 583,440 properties in Melbourne, Brisbane and Sydney that met the criterion for accommodating a ‘granny flat’ of at least 60 m². Out of these three, Sydney had the highest number of properties-233,218-that meet the criterion for the construction of a granny flat. Brisbane came next with a total of 204,598 properties, followed by the Melbourne metropolitan area comprising of 145,625 properties.

Custom Granny Flat built in 23 days, NSW Sydney 2019

Cost for homeowners

Expert researchers from CoreLogic believe that the construction of a double bedroom flat would require an investment of $200,000 whereas a single bedroom granny flat would require just $120,000. The availability of Scandinavian design granny flats available from our accredited builders has made the construction of these flats even easier. Ingenious building system allows for quick installation time, saving money on labour for homeowners across Australia.

Granny flat Cyprus, QLD
Tracey’s granny flat Cyprus built in 10 days, QLD Sunshine Coast 2017

Benefits of building granny flats

Tim Lawless, the Head of Research at CoreLogic, is positive that investment in granny flats not only has the potential to help homeowners in benefitting from boosted capital gains (up to a hefty 30 per cent) in the future. Tim believes that these flats can be a source of rental income for them as well.

Granny flats serve renters looking for affordable housing options. And it is important to mention that the demand for reasonable housing is increasing. A granny flat usually tends to be rented out for lesser than the standard rental charges. This way backyard grannys makes it a very affordable housing option.

The properties identified earlier are mostly located in areas that are traditionally expensive & densely populated as well. These characteristics will make a granny flat in any of the popular suburban areas very economical for potential renters and increase demand for granny flats.

Amidst these capital and rental gains, the family benefits of a granny flat cannot be neglected. Such a unit can be used to accommodate overseas family members residing in your house. Adult children will enjoy a temporary place to stay.

Guest house in ACT: ensuite bedroom
Carly And Ben’s Garden Cottage For Guests, ACT Conder 2019

Moreover, it is believed quite rightly that capitalization of this opportunity will reap benefits for the economy and society as well by creating employment opportunities for the construction workforce and others involved in the construction process. A prediction suggests a massive boost of $87.5bn in the construction industry.

Bedroom in John's House in The Snowy Mountains
John’s House, NSW The Snowy Mountains 2019

What should be kept in mind before building a granny flat

If you wish to have a granny flat on your property in Australia, make it a point to get into the legalities before. Laws related to secondary residencies vary depending on the state you’re in. Make sure that you are aware of each and every detail related to the construction of a granny flat in your area-size requirements, what you can add and what you cannot, rental laws governing granny flats, etcetera. Don’t hesitate in taking help from a local construction and planning expert!

Please feel free to consult with YZY Kit Homes accredited builder, either at their office or a display village or book your site inspection. It is usually cost and obligation free.

Guest house in ACT: ensuite bedroom

Carly and Ben’s Garden Cottage for Guests

Canberra Outdoor Structures recently built a garden cottage for Carly and Ben Drysdale’s family in Conder. Initially, the cabin was meant to be built as a sleepout for guests, but in the process young family found out they were expecting a second daughter and would have run out of rooms inside their house!

Guest house in ACT: facade
Guest house in ACT: facade

“Carly had a very clear idea of what she wanted the cabin to look like and she designed and styled it beautifully” – said Murray Fleming, the builder. “We had the custom project modified to the client’s taste. Also, the new building had not to obstruct the views of the Lanyon Valley visible from the main house. So, we had Crete cabin prolonged with the additional room for the bathroom.”

Guest house in ACT: ensuite bedroom
En-suite bedroom
Floor plan Guest house in ACT
Floor plan

The talented owner was inspired by older style homes with the historical feel. “I managed to find vintage doors online and they were freighted from Melbourne, these brought some extra charm.” – said Carly.

Guest house in ACT: room
Cozy but bright and airy room

“I wanted to create something cozy but bright and airy – said Carly. “When I painted the inside stark white, I was a little worried it was too much, but once it was decorated, it was the perfect canvas. Our guests love it, and so do we!”

Murray and his team were so accommodating and happy to personalise areas for us. These include a bigger deck which steps down using spotted gum, a structural frame and moulding for our doors and the bathroom addition.” – said Carly.

Guest house in ACT: bathroom
Classy colors: the bathroom
Guest house in ACT: vanity

We asked Carly why she chose YZY Kit Homes. “I love the exposed timber, the natural knots and joins and the ceiling beams.”- she said. “The hinged windows and gold fittings are gorgeous and suit the overall style I was trying to achieve.”

Guest house in ACT: panoramic doors
Panoramic doors

Love the cabin? Contact Murray Fleming, the builder at Canberra Outdoor Structures if you live in Canberra and around.

If you need a cabin elsewhere, please find your nearest builder for a quote, site visit or a consultation.

Guest house left side

Elegant Guest House in Canberra

This modern guest house was recently built by Canberra Outdoor Structures in Canberra. Our Sicilia cabin built with a spacious deck warping the cabin on two sides was customized to suit young family’s needs to have a home office as well as a space to accommodate guests.

Guest house left side

 

The building has a 4 m x 5 m main room with a 2.7 m by 1.8 m bathroom. Bathroom was added and built from a conventional construction with Colorbond steel cladding all around.  Steel cladding extended to the rear northern wall of the building allows for the buit-in wardrobe.

Bathroom

Bathroom

Our [Canberra Outdoor Structures] quote was half the price compared to other granny flat builders and speed of installation was important. Now young family has a comfortable space to accommodate parents coming down from Sydney to look after their child – said Murray Fleming, the builder of this beautiful project.

Young professionals, owners of the building undoubtedly have a taste and talent for home design. They chose two-tone color scheme for both exterior and interior of the studio. This makes the building consistent throughout. White walls contrasting with deep dark toned window trims made their new building fresh, modern and elegant. Inside of the building is light and airy with abundance of natural light and white walls and ceiling. Bathroom floors were tiled with dark tiles and again contrasted with white subway tiles on the walls. Owners chose trendy black shower mixer and vanity taps to complete the stylish new room in their backyard.

What an amazing project!

If you need more space built in your backyard, please contact your nearest builder for a quote or consultation.

Customized Sicilia floor plan

Customized Sicilia right side

 

 

Shower

 

Bathroom window

 

Backyard cabins and granny flats built in 2016

Looking back at 2016 – what a wonderful year it was with so many dreams realized with YZY backyard cabin kits.

YZY backyard cabins were used as a she shed, art studio, teenage studio, home office, parents retreat, pool house, kids house, guest house, B&B, beauty salon, yoga studio, hobby room, music room. Continue reading Backyard cabins and granny flats built in 2016