Modern granny flats come with all of a regular home’s creature comforts, just in a cosier package. That’s why granny flats are rising in popularity – not just as a smart way to add value to your home or investment property but as a viable living option.
If you’re considering building a granny flat, then there are a few things you need to take into consideration, including cost. But how much your granny flat will cost to make depends on a few different factors, and budgeting and cost are two of the biggest.
If you have the space, building a granny flat in your backyard can have a number of great benefits. However, there are a few questions you’ll need to answer first in order to work out an accurate budget and to decide on the right granny flat builders.
Are you building a granny flat because you want to increase the value of your property? Or is this a living option for yourself or maybe your relatives? The purpose of the granny flat will determine what you need to include and how big it needs to be, and this will affect the cost.
Modern granny flats are very versatile. You may be thinking of building a granny flat as:
If building a granny flat is an investment option and your target market is young, professional couples or single people, then a one-bedroom modern granny flat might be enough to attract the desired tenants. Alternatively, if you’re building a granny flat so that your parents or your in-laws can move in, or as a place where the grandkids can stay when they stay over, then they might require a little bit more room.
The purpose of the granny flat will affect its size, but you also need to keep in mind that different states and local councils have different rules when it comes to building granny flats. Before you invest in a granny flat, make sure you check your state laws and local council regulations first.
Smart Choice Granny Flats has a number of modern granny flat design options that reach 60 square metres, but we do also have smaller, modern granny flats for those who don’t need as much room. The size of the granny flat will also determine the cost, how long it will take to build, and whether you need approval from water authorities too.
If you choose to go off the plan and instead design your own granny flat, this could also affect the cost. There will be a number of inclusions that come as part of the package, but adding extras could increase the cost.
Smart Choice Granny Flats have a number of inclusions that come as standard with all our granny flats, including your choice of roofing, a preset number of windows, Westinghouse kitchen appliances and modern bathroom fittings – to name just a few.
Land that is sloping or very rocky can add to the construction costs of the granny flat. Make sure you take this into account when you’re planning on building your secondary dwelling. Land that is flat is much easier and cheaper to build on than land that is steeply sloping, or land that is very rocky.
One other cost to consider is landscaping. This may depend on the layout of your backyard, the granny flat’s design and what its purpose is. But to help lend a little extra privacy for you and the residents of your modern granny flat, installing hedges, bushes, or even a fence could help to create privacy. If you’re thinking of renting the granny flat out, having this extra level of privacy could help you attract tenants.
When building your granny flat, it’s important to work out a budget based on your wants and needs. But what about after the job is completed?
Maintaining your granny flat is the same as maintaining your house. For example, there are things you’ll need to do to ensure the longevity of your granny flat for years to come – such as termite inspections, replacing worn-out or damaged appliances or furnishings and paying for any plumbing issues.
If you’re planning on renting your granny flat out to tenants, you could either deal with the tenants directly or go through a real estate. If you choose to go through a real estate, then you will also need to consider the costs of hiring a property manager.
Are you thinking about installing a granny flat but aren’t too sure where to start? Talk to our friendly, helpful and knowledgeable staff today at Smart Choice Granny Flats.
Smart Choice Granny Flats has 35 years of experience in the building and construction industry, and we’ve constructed more than 400 granny flats to date! At Smart Choice Granny Flats, we believe in providing top quality products and have a transparent approach to all our building projects. We’re here to help you throughout the design and building process, but we’ll never upsell you on any extras your granny flat doesn’t need. We believe that the primary reason for our business’s long-lived success is our commitment to customer satisfaction and our solid business ethics.
If you’d like to see our craftsmanship for yourself, feel free to make an appointment via our website and take a tour of our display home, or get an instant quote on our website now. Contact the expert granny flat builders today and start imagining the possibilities your own granny flat can bring.