Forums / Property Investing / Value Adding / Cost effective way to have a granny flat?

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  • Profile photo of Ethan TimorEthan Timor
    Participant
    @ethantimor
    Join Date: 2016
    Post Count: 282

    Hi all,

    One of our properties has a big nice backyard with its own side lane access so we’re thinking to put a granny flat on it.

    Had a discussion with the local council and there shouldn’t be any issues. It’s in NSW so 60 sqm max.

    Ideally we would like it to be something that looks like a Queenslander (to fit the neighbourhood), not an ugly shed or container. Being so close to QLD means lots of options in that regard (although most are bigger than 60 sqm but found some in the right size) so we can buy, move it here, connect, do a bit of Reno and rent.

    Another option would be a kit house that looks good: buy, install, connect, rent.

    What would be do you reckon the most cost effective way to go about it? Happy to hear more ideas 👍😎

    Ethan Timor | Aligned Finance Pty Ltd
    http://www.alignedfinance.com.au/
    Email Me | Phone Me

    Active Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)

    Profile photo of ElcapitanoElcapitano
    Participant
    @elcapitano
    Join Date: 2017
    Post Count: 3

    Granny flats can be real easy if you have the access like you mention. Consider these tips to putting it together:
    1. couple of containers with exterior treatments suited to Qldr styling
    2. build it yourself or with a mate who’s handy on the tools
    3. find an old building and transport it to site
    4. scrounge around for pre-loved (used) materials and have a chippy throw it together
    5. look to ‘Tiny Houses’ for some great space saving ideas

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