Garden Studios granny flats – for herald sun real estate

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Whether you’re looking to house elderly parents, earn income from your own backyard or increase the yield on an existing investment property, building a granny flat is an attractive option. But there are several things to consider before you start contacting builders and comparing quotes.

WHAT ARE YOU TRYING TO ACHIEVE?

PIPA board director and managing director of the ASPIRE Property Advisor Network Richard Crabb says when it comes to planning granny flats “the devil is in the detail.”

While it can be a great way of earning rental income, from an investment perspective, it might not be the best choice depending on the person’s strategy and where they sit on their…