Granny Flat rent increase

Viewing 9 posts - 1 through 9 (of 9 total)

Made_Man
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@made_man
Join Date: 2013
Post Count: 35
March 7, 2013 - 5:25 am
Hi All,
just had an idea and would like to get everyones thoughts was on the matter. im currently in the process of getting a granny flat built in the back on my yard. once it has all been finished and time to find a tenent do you think if i have it furnished i would be able to get a better return.
i was also thinkin about extending the foxtel from the main house to the GF and also getting an extra $xx per week. do you also think this is a good idea. if so how much extra shoud i charge for the foxtel. it would only cost me the extra box being $15 per month.
cheers.
TheFinanceShop
Participant
@thefinanceshop
Join Date: 2012
Post Count: 1,271
March 7, 2013 - 8:24 am
Depends on the area – a couple of local PM's are the best people to comment.
I had one client who had a GF right next to the uni – there was a massive demand for furnished properties. This rule however does not apply to all locations.
Regards
Shahin
TheFinanceShop | Elite Property Finance
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Residential and Commercial Brokerage
Made_Man
Participant
@made_man
Join Date: 2013
Post Count: 35
March 7, 2013 - 8:52 am
GF is located in Greenacre
TheFinanceShop
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@thefinanceshop
Join Date: 2012
Post Count: 1,271
March 7, 2013 - 9:11 am
Wow cool ok – maybe I should get a forum client to comment since his about to do one in that suburb!
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
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Residential and Commercial Brokerage
Made_Man
Participant
@made_man
Join Date: 2013
Post Count: 35
March 7, 2013 - 9:30 am
You are taking to your client. LoL sorry for the confusion I have just changed my forum name
Brazen
Participant
@brazen
Join Date: 2010
Post Count: 47
March 8, 2013 - 1:15 pm
hmm I don't think adding Foxtel will increase your rent by the amount your paying for it.
An option would be to have it available for your granny flat tenants and give them the choice to pay for it. You cant really make a profit from it, and if the tenant doesn't want it, you're paying for nothing, no?
Brazen | Granny Flat Approvals Sydney
http://www.grannyflatapprovals.com.au
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Granny Flat Approvals Guru
timothybrownsuchater
Member
@timothybrownsuchater
Join Date: 2013
Post Count: 5
June 6, 2013 - 8:46 am
You could probably charge more if you have the flat furnished but then again, that would depend on where you are located. If you’re connecting internet to the flat, you could impose additional charges for it too.
Sure Harvest
Member
@sure-harvest
Join Date: 2013
Post Count: 15
June 6, 2013 - 1:58 pm
Made man, I'm interest to know how you have gone with finding the right tenant? Did FOXTEL help or did you decide against it? By the way is the GF income structured as board or rental income?
GemmaFreeleagus
Member
@gemmafreeleagus
Join Date: 2013
Post Count: 5
June 19, 2013 - 2:48 am
You could probably charge more if you have the flat furnished but then again, that would depend on where you are located. If you’re connecting internet to the flat, you could impose additional charges for it too.