It has become significantly easier to build granny flats today as opposed to a few years ago. This is all thanks to the new laws concerning granny flats that were passed in 2009 on approvals. Thus more investors are building them. As a result of this move in NSW, approved granny flats jumped from 1500 in 2010 to more than 4800 in 2014. People have different reasons for building a granny flat on their property. The investment has with it a broad range of benefits; hence, the reason for its increased popularity in the recent years. This article takes a look at some of the benefits that investors stand to benefit from Granny Flats Ipswich residents are opting for.
You Will Earn Extra Income in Rent
This is by far the biggest benefit of building granny flats in Ipswich. In fact, it can fetch as much as 350 dollars in a week in major capitals. Other than renting out the flat to your teenage kids, how about attracting great income by having a tenant? The extra income that you will get from this option can always help you to pay down the mortgage which will help you to get out of debt in no time.
Spreading Your Income Risk
For most of the Australians, their jobs are their sole income and thus have no other sources. However, you can easily get that extra needed income by renting out your granny flats Ipswich wide. The income from the rent will be your extra monthly income. Also, it will mean a continuous flow of income on a monthly basis. Everyone will do with a little extra cash in this high living standard economy. Read more at Elite Portables
It Will Increase the Value of Your Property
When you are thinking about resale, one of your greatest bargaining tools are the Ipswich Granny Flats. It automatically boosts your resale value. This is because if it’s a family that will be moving into your house, then the granny flat will be an extra room for their family and as for investors it will be an extra income opportunity for them. These people will not mind spending more as a result. The best way to determine the perfect value is consulting a real estate agent in the area.
More Tax Appreciation Will be Available to You
When you have an extra granny flat that gives you some income, then you will have extra claimable on your depreciation schedule. If you built it from scratch, then the amount of paper losses that you will be able to collect will be great. This will enable you to be able to offset the tax that you are required to pay on a yearly basis.
The benefits of extra income among other benefits are some of the reasons why investors and property owners are increasingly turning to granny flats Ipswich wide. Fueled by the reformed regulations on granny flats, this is an income opportunity that everyone should take advantage of. Visit http://eliteportables.com.au/dongas-granny-flats-modular-relocatable-homes-ipswich/ for some of the best granny flats Ipswich has to offer.