If you are thinking about buying a house and have plans to live in a granny flat, there are certain things that you need to understand. First of all, are granny flats legal in your state? Are they a good investment for real estate investors? These are only some of the common questions that are asked by the naive individual who is planning to live in a granny flat. A granny flat is an accessory dwelling unit usually occupying the same space as an original home.
Do You Need Permits?
They can be built on the ground floor of a commercial property or any other building designed for residential purposes. They are generally built with two-storey buildings attached internally or externally. Some granny flats are built on the ground floor.
In the case of detached apartments or DAs, the granny flats are attached to a garage. This is usually a separate garage from the house. So, it makes sense to acquire the necessary legal permits. Before purchasing the garage, check out for the appropriate permits, as per the respective laws of your state.
Granny pods and granny flats are often referred to as tiny homes. There are many benefits associated with granny flats. The advantages are high-quality and luxurious stay, affordable housing, little maintenance cost, safety, privacy, and various other related things.
Making a Purchase
When you are looking for granny flats, ensure that you contact a reputable real estate property consultant. You can either approach him on his behalf or search for a reliable and trustworthy consultant online. Do your research and find out about the reputation of the company. Ask for the details about their prior projects and their success rate in their business.
One of the most important things to look for while looking for affordable housing is their legal documents and related papers. Before buying any type of granny flats or any type of attached house, you should check and analyze the legal documents of the company. If the company is from a developing country, you should check whether they are legally allowed to run the business. It is always better to opt for the companies that are registered and have their license and authority to run their business, as compared to those who are operating illegally.
Another thing to keep in mind, before purchasing any type of granny flats or attached houses, is the availability of these properties in the area. The area should have plenty of options to choose from and provide a great variety. You should also ensure that the property has enough parking space. Check out the available plots and purchase the ones that fit your needs, budget and requirements.
Are Granny Flats Worth It?
Generally, yes, they are. They are indeed a good investment if you are looking forward to earning good cash by investing in real estate. However, one thing you should keep in mind is that not all properties are always worth purchasing. This means that not all granny flats are worth investing in. Thus, you should always ensure that you are making a good investment before you make the decision.
To find out are granny flats worth it, you may check with the granny flat contractors. These are the contractors that are responsible for building the accessory dwelling units and therefore they are well-aware of all the details and specifications of the project. It is always better to consult an experienced and expert contractor so that you will be able to get hold of quality and durable products. These will be your guide in case something goes wrong. You can check out their websites and get to know more about their services.
These are just some of the things that you need to keep in mind if you are planning to build an attached granny flat or even a single detached unit in your place. Keep in mind that it is always important to prepare everything first before building something. Check the proper requirements of the zoning codes in your place and prepare the required permits. Also, make sure that you have all the required licenses to operate your granny flat. By following these simple tips, you can surely enjoy the benefits of living in a granny flat.