If you are seeking for a property with an additional income or granny’s home than keep reading.
It could be for a host of purposes, and despite the name, it could be for a reason other than accommodating an elderly parent. Or you may get a stable income from renting your granny flat.
Granny flats can either be attached or unattached to the main residence, but in all cases, smaller. They are often self-contained with kitchen, bathroom and living areas. In many countries – if the self contained unit is bigger than 60 square meters they cease to be a granny flat, and are then classified as another primary dwelling.The biggest benefit of an ADU is that it adds to your property a huge value when selling it. To know how much value does it add to your property see the article “How much value does a SDU add to a property”
Buyers need to be aware that when it comes to granny flats (or secondary dwellings as they are commonly called in the legal sense), there are different laws for each country and local councils applying to their building and renting.
Different laws apply to the size of a block of land where a secondary dwelling can be built, the type of access, and in some cases, even the legality of collecting rent. So when buying a property with a granny flat, besides familiarising yourself with the appropriate laws at a local level, your first priority should be finding out if the dwelling is legal with all appropriate compliance paperwork in place.
If you are still asking yourself what are the benefits of purchasing a house with a SDU or building a SDU next to your house, than calculate how much your income you will get.