As a Perth home builder, we understand you’re looking for ways to maximise the value of your property. Look no further than granny flats! They’re more than just a backyard addition; they’re a strategic investment offering high returns. This translates to a steady stream of income and increased property value.
Let’s discuss your vision and unlock the potential of your property:
Streamlined Approvals
Building a granny flat in Western Australia offers a streamlined approval process compared to traditional house extensions. Recent planning reforms have eliminated the minimum lot size requirement for compliant granny flats up to 70sqm. This means properties of any size can now potentially accommodate a granny flat, subject to meeting specific setback requirements. Previously, a minimum lot size of 350sqm was a significant barrier.
This reform streamlines the process for Perth homeowners, allowing them to explore the potential of granny flats as an investment or additional living space. While a building permit remains necessary, the exemption from council approval removes a layer of complexity and expedites project timelines. This aligns with the government’s broader commitment to increasing housing supply and making granny flats a more accessible option for Perth residents. Our experienced team is well-versed in these regulations and can assist you in navigating the process efficiently. This ensures a smooth and timely completion of your granny flat project.
Boost Your Rental Income
Perth’s rental market is booming, and granny flats offer a competitive rental option. Their smaller size and potentially lower maintenance costs allow you to generate significant rental income. Imagine – a steady stream of income helping you pay off your mortgage faster, build a safety net, or even invest in future renovations. Plus, to get you started, we offer a lock-in price of $1,000 to secure your granny flat project!
High-Return Investment: The potential returns are impressive! A 2-bedroom granny flat could see returns of up to 39% with a build cost of $79,900 and a weekly rental income of $600. A 1-bedroom option sits in the middle, with potential returns of up to 32% for a build cost of $64,900 and a weekly rent of $400. Even a studio offers strong returns – up to 37% with a build cost of $48,900 and a weekly rent of $350. It’s important to note that these are estimates, and actual returns may vary depending on the specific suburb and market conditions.
Multiple Options, Multiple Benefits
We offer a variety of granny flat configurations – studios, one-bedroom units, or even two-bedroom layouts. This allows you to cater to a wider range of tenants, increasing your chances of finding reliable renters quickly. Think young professionals, students, or even extended family who might appreciate a private space on your property.
Increase in Property Value
Adding a granny flat to your Perth property can significantly increase its overall value. This translates to a bigger return on investment when you eventually decide to sell. Imagine the bragging rights when you tell potential buyers about the income-generating potential of your home!
Low-Maintenance Investment
We design and build granny flats with functionality and ease of maintenance in mind. This means lower ongoing costs for both you and your tenants. You can enjoy the benefits without the hassle of constant upkeep.
Flexible Living Solutions
In Perth’s growing market, granny flats offer a flexible living solution. They provide a perfect space for teenagers seeking independence, aging parents wanting to live close by, or even guests needing a temporary home.
We Build Your Dream, We Build Your Investment
At iBuilt WA, we’re Perth’s leading granny flat builders. We specialize in creating high-quality, functional granny flats that maximize your investment potential.
Let’s Make it Happen
Ready to explore the possibilities of a granny flat for your Perth home? Contact us today for a free consultation. We’ll discuss your vision, explore potential ROI based on different configurations, and guide you through the entire process.
A granny flat isn’t just a backyard addition; it’s a strategic investment opportunity. With iBuilt WA’s expertise, you can turn your property into a wealth-generating asset.
