When it comes to getting the most out of your land, a detached granny flat or second dwelling can provide additional space for your family, as well as increase the value of your property. If you're looking to add a secondary dwelling to your property, there are a few things you need to keep in mind.
The first thing you'll need to do is check with your local council about zoning and planning regulations. There may be restrictions on how big or tall your secondary dwelling can be, or what materials you can use. Make sure you're aware of these restrictions before you start planning and designing your new space.
The next step is to decide what type of secondary dwelling you want to build.
Integrity New Homes know that every family is different and so each granny flat must be individually designed to perfectly suit the clients’ needs. Regardless of whether you are looking for extra living space for an expanding family, a place for your parents to live close by, or a home office with an attached self-contained accommodation, Integrity New Homes can design and build the perfect granny flat for you.
Our team of expert designers will work with you to create a floor plan that is open and spacious, yet still provides all the necessary privacy and functionality you need.
Making use of block size can be a great way to help manage finances, especially with aging parents or a mortgage. When space is at a premium, it’s important to make the most of every square meter. This can mean finding creative storage solutions or utilizing furniture that serves multiple purposes. It can also mean downsizing to a smaller home or apartment.
For many people, living in a smaller space means less stress and more money in the bank. Downsizing can free up hundreds of dollars each month, which can be put towards debt reduction or savings. It’s also a great way to simplify your life – when there are fewer things to worry about, there is less stress overall.
Of course, downsizing isn’t for everyone. Some people prefer the convenience and flexibility of a larger home. Therefore, keeping the family home, and adding the smaller granny flat, to enable all the above, is a great option.
Integrity New Homes is passionate about creating building solutions for new home builders, renovators, and investors. It comes with no surprise that we are releasing a new range of Second Dwelling homes to give our clients the solution to some of the building market challenges.
Our new range aims to cover all the needs for a second dwelling. From single room/studio-style apartments through to four-bedroom micro-home, INH has a second dwelling sized and priced for any need.
One of the primary motivators for people to create a second dwelling is to house extended family. The term “Granny Flat” is part of Australian culture and is a staple of Australian housing industry. With the current challenges facing new home buyers and young families, it has become a viable option for families to build a second dwelling to house older children, children starting their own families or grandparents.
Creating this kind of space, motivated by family also has flow-on effects to increasing the value and re-salability of your home
Another primary motivator for creating a second dwelling or granny flat on your established land is to increase the revenue-creating options for your estate.
Creating a two-to-three-bedroom second dwelling allows for rent to flow in whilst minimizing your overheads.
When it comes to starting your real estate portfolio, a second dwelling on your established land is a low-risk endeavour, compared to financing a secondary house and land package. A $100,000 - $150,000 investment may be the small yet significant step for you to start your investment portfolio whilst taking a low-risk investment whilst creating an instant revenue stream.
One of the key learning curves for creating a new revenue stream for your home is learning how to navigate the rental market space and ensuring you become great landlords. It may not sound significant in the present but creating a new revenue stream for your home does come with continual work.
Given your location to public transport, or being close to the CBD, there may be even more opportunities to increase the value of your secondary dwelling from the start.
Lastly, a legally compliant second dwelling has the potential to increase the long-term value of your home. Creating passive income in the present whilst adding value to your home is a double edge sword when it comes to investing. Regardless of the motivation behind why you need a second dwelling, financially there are short- and long-term benefits of investing in your current property by building a granny flat or second dwelling.
Our designers at Integrity New Homes have created six wonderful second-dwelling options that aim to minimize the physical footprint of your second dwelling but create layouts that maximize space and create a big feel inside whilst keeping costs down.
By creating smart layouts, we try and make a big feel home for a fraction of the price. We aim to include all the essentials in a current new home whilst knowing that you, the client are looking to make this investment as profitable as possible.
In short, we want your second dwelling to look and feel fantastic, without hurting your wallet.
Are you looking to build a new home or a second dwelling for your current home? Our builders are ready to build and are located all over Australia. Our franchises aim to excel in communication and desire to give you the best product within the marketplace. Our passion is service coupled with the excellence of our product.
Click here to find a builder close to you to start the conversation today about your second dwelling or granny flat.
