What to Expect from the Best Granny Flat Builders in Sydney?

You are a person who, throughout your life, has been accustomed to excellence, which is something you have also demanded from your dwelling. Australia's housing market has skyrocketed in the last decade, with ever-increasing prices making the prospects of buying a home for young people a real challenge. So, lots of people have started in recent years to construct various accessory dwelling units, popularly known as granny flats, on their land. But these types of home improvements, although significantly less expensive than buying a new home, still represent a significant investment on your part, and for the money invested, you should expect nothing but perfection.

Furthermore, perhaps you don't necessarily want to construct an accessory dwelling on your land but instead, want to invest in a complete home extension to your residence that would also involve alterations to your home's load-bearing structure. In this case, you are most likely looking for excellent home extension builders in Sydney. But what things should you be aware of when you search for the best granny flat builders in Sydney or the best home extension agencies in the country, and why are their services in such high demand these days? In the following article, we propose finding the answer to these questions and more.

What is the Difference Between Granny Flats and Home Extensions?

As a loose definition, a granny flat is a self-contained living space that can either be attached to your building or separated from it. Also known as an accessory dwelling, these home units are generally used to create an additional space separate from your home that can provide a potential occupant with the privacy they need. The best granny flat builders in Sydney can construct either one-bedroom AUDs or two or three-bedroom units as long as the legal requirements of the city council are met. And one of the main advantages of contacting a professional team with experience in the field of accessory dwelling construction is that they will take care of the research needed to establish the zoning plans that apply to your geographical area.

On the other hand, a home extension represents an addition to an already existing structure in your home that aims to modify and increase the size of the usable space. While granny flats are primarily intended to be used independently of the rest of the house, the home improvements carried out by the best home extension builders in Sydney are generally designed for your family's convenience. Nevertheless, both home extensions and granny flats have the potential side effect of increasing the market value of your household.

How Can Granny Flats Make You Money?

The buildings constructed by the best granny flat builders in Sydney have a huge potential for rental, evenmore so if youlive in a neighbourhood where affordable housingis scarce. Granny flats can be used as rental properties, and the price you can charge for them can be close to that offered for conventional apartments. However, the rent for AUDs is generally lower than the market average. As granny flats must be fully serviced self-contained units, the priceperformance ratio for tenants is favourable, which is why these housing units have been growing in popularity in the Australian real estate market over the last couple of years.

The units constructed by the best granny flat builders in Sydney can also add extra value to your home. On average, the market value of properties featuring an accessory dwelling unit is 30% higher than the market average for non-AUD residencies. Given that the average price of a one-bedroom ADUdoesnot exceed120,000Australiandollars,investinginsucha home unit can be considered a wise deal that will bring you a significant ROI in the future. We should also pay attention to the urban development prospects that granny flats can provide to a neighbourhood. As affordable housingunits, ADUs are in high demand, andtheir tenants bring additional income to communities that, in the medium to long term, can prove crucial to the development of small local businesses.