The Income Potential Of Granny Flats
More and more people are turning to granny flats for extra income. In an age where residential costs are becoming more and more inaccessible for the general population, these alternative homes offer rental opportunities for both homeseekers and homeowners.
As a secondary dwelling, granny flat owners can rent out their property to small families and couples. With strict emphasis on separate entryways for both properties, families can enjoy security and privacy even if they’re living a few paces away from each other.
Granny flats can earn you as much as $400 to $1,000 a week, with a total income of $21,000 to $30,000 a year. It’s a great way to earn extra cash and invest in real estate without spending a lot of money on maintenance costs.
As the cities get more crowded and more expensive, resorting to granny flat living is easily becoming a movement in the most urbanized cities, and will soon be adopted everywhere. It’s one of the best ways to make extra money – or save some if you’re a renter.