Adding Value to Your Home with a Granny Flat

Last updated on January 20, 2019

Have you ever tried investing in a granny flat? Do you have an additional outside space that you wish to convert to something income-generating? You’re on the right track. A portable house might just be the answer to your questions. In this post, we’ll talk about how transportable homes change the way you see your own dwelling. We’ll focus on the aesthetics and the revenue aspect. Let’s find out why this living space is famous today.

Why Granny Flats are a Thing Nowadays

Portable granny flats are taking the country by storm because it’s one of the more cost-effective ways of earning without leaving your home. That is of course, if you’ve sold it at the right price to the right buyer. This space may look like an addition to your homeor a mere step or two away from your own house. Some have their relatives lease the space at an affordable rate.

Others opt to lease it to a family or solopreneurs as an office space. If you’re in a good spot or city, it’s easy to get gallant renters. Nevertheless, granny flats are becoming popular because of their function and rate of investment returns. For people who have extra dormant spaces in their homes, luck is on your side. You just need a little touch up on the space or room and you can put it on the market for lease.

How to Make the Most of Your Granny Flat

Since it is transportable,a granny flat is an excellent way to generate extra income or add value to your property. This being said, you need to invest in it the best way possible to make it more viable for a potential buyer or tenant. You don’t really have to spend much, what you do need to remember is to spend wisely. Be sure to invest in the right inclusions and get functional yet attractive equipment.

Smart product choices make a huge difference in the leasing industry. You might want to take a step back, research, and perhaps, ask the experts about the design and style you’re thinking to emulate. This way, you’re sure to make the most of your investment as well as your time and effort. In the end, you’ll see how your hard work will pay off.

What You Can Do With Your Granny Flat

To add more economic value to your home, you need to conceptualise properly. Are you planning to simply blend in with the nearby houses or are you thinking of standing out? Both have practical and marketing implications, so be careful how you choose. Another thing – it depends where your granny flat will come from. Are you reusing an existing home addition or are you building one yourself?

Your granny flat can become a constant source of income after a makeover. So don’t go too cheap if you have spare cash. The return of investment always outweighs the money you put in. Again, be wise in the process. You don’t want to put all of your money for a space that’s new to the neighbourhood. You can ask Fox Transportables for custom built transportable home ideas.

Some people opt for these spaces more than an apartment because they feel it’s safer, more practical, and more functional. So take this perfect investment opportunity to earn money right in your own residence. If you’re one of those people who wants to invest in a flat or rent an office, let Fox Transportables know. We offer the best work accommodation (whether seasonal or not), storage solutions, and living spaces in Western Australia. Call us today on (08) 6377 8335 or 0449 634 100 for more information.