Australia’s housing market has grown enormously in recent years, and the demand for affordable housing units that can accommodate the growing number of people wanting to live independently is more significant than ever. But houses in Australia can be substantial investments that are unrealistic for a good proportion of the population. To their astonishment, many people have to take out new mortgages when they need more space or get additional part-time jobs if they want to afford rent in cities like Sydney.
However, a solution has become increasingly popular in recent years, namely renting or building accessory dwelling units, commonly referred to as granny flats. But some people are looking for housing units that are a bit different. Do you want to interact with others and share everyday expenses? Then perhaps a duplex is what you’re looking for. Whatever your housing preference, all these constructions need to be raised by professionals in the field, so in the following article, we will detail the reasons why you should turn to granny flat builders in Sydney; we will list the advantages of construction done by professional duplex home builders, and we will answer some of the general queries regarding these types of properties.
What Is a Granny Flat?
Granny flats, also known by their more technical name of accessory dwelling units, are living spaces either attached to a single-family home or built on the same lot. Their purpose is to provide an independent and efficient space for interested individuals. And as the name suggests, one of the ways these units have been used over the years was for housing older relatives that couldn’t take care of themselves anymore.
Unlike other countries, the Australian government subsidises aged care homes so that all senior citizens can benefit from the highest standard of affordable care. However, many families stay close to elderly relatives purely for personal reasons. Perhaps you can’t bear the thought of knowing your parents are being cared for by strangers, or maybe you feel it is your duty to keep an eye on your relatives after a lifetime of them doing the same for you. Whatever your reasons, a small dwelling made by granny flat builders in Sydney can help. But what are the economic advantages of these types of buildings?
The Ideal Way to Supplement Your Income
The cost of renting a conventional apartment in Sydney can be as much as $500 per week, which can be financially out of reach for many people, especially young couples or those without a steady income. This high cost of living can be a significant burden, making it difficult for many people to afford a comfortable living place. AUDs, on the other hand, can provide a more affordable and accessible option for renters. These buildings, constructed by granny flat builders in Sydney, can offer more reasonable rent options while providing adequate living conditions, which can be a welcome relief for renters struggling to afford the high costs of traditional apartment living in Sydney.
The AUDs constructed by granny flat builders in Sydney can also present significant economic advantages for the market value of your home. Additional dwelling units have come to be seen as a selling asset, and they can lead to a significant ROI. If, for example, you are a Sydney resident looking to relocate to another part of Australia, then the existence of a granny flat adjacent to your home can be a considerable advantage in the process of selling your property, as any potential buyer will immediately realise the economic benefits of an ADU that can be rented out.
What About Using the Services of Duplex Home Builders?
Duplexes have the advantage of containing two separate living units, often joined vertically or horizontally. Condominiums built by duplex home builders, although theoretically part of the same building, have distinct entrances and are rented or owned by separate people. All of the above factors make buildings built by professional duplex home builders an ideal investment if you live in an area with a high demand for rental units.
Duplex home builders can also be a suitable option if you are interested in living in a home that allows you to split the expenses with other tenants. In addition to the monthly rent received, this sharing of costs can be beneficial in keeping unit expenses down, which can help you pay off the house mortgage a little faster. Last but not least, we should mention the flexibility of these kinds of housing units. Suppose you desire a bit more room and privacy than an apartment can offer but aren’t quite ready for the commitment of a single-family home. In that case, a duplex may be the perfect solution, as it combines the benefits of a larger living space with the convenience and flexibility of a smaller, shared property.
Make the Right Financial Decision
It’s essential to make the right decision for your family’s financial future, which is why it would be wise to turn to specialist builders for your next investment in real estate. Do you want to build a separate annex to your home that you can rent out or accommodate your elderly relatives? Then you should seek the professional services of granny flat builders in Sydney. Do you instead want to invest in a dwelling that is guaranteed to bring you an immediate profit? Then consider a duplex built by an experienced company.
In the end, the services of granny flats and duplex home builders in Australia are invaluable for those seeking high-quality, custom living spaces that cater to their specific needs and preferences. From the convenience and affordability of granny flats to the income potential and flexibility of duplexes, it’s essential to use the offerings of builders with enough experience and resources to bring your vision to life. Whether you’re a homeowner looking to expand your property or an investor searching for a lucrative opportunity, calling on the services of a professional building company should be your priority because their skill sets may be precisely what you need to secure your long-term financial success.