Send it Bro Blog

When my cousin and I got into real estate for the first time getting an additional Granny Flat and renting it out in our backyard was probably the whacked out thing I could think of. It was so lousy an idea I didn’t want to mention anyone about it for a couple of weeks. 

Ultimately I worked up the cojones to bring it up after we began to fall behind on the property finance payments. The intention I explained was to get a Granny Flat or Granny Flats and rent it out to a foreign local professor emeritus given we lived near to a large higher learning college. 

Mymother immediately panned the strategy. They thought it would break bounds on our home. They also thought it would unsettle the street presentation of the house. It might end up us running crazy over budget in ways that would promulgate us more penniless than before we started talking about it. 

I went back to my work office and mapped out out the funds again. We met with the builder to cover off ways to limit the impact of the works on the existing style, space, and privacy of our cottage. 

In the meantime I reached out to the Student Union office manager at the university who certified that accommodation was at considerable shortages and they would be able to rent out 60 permanently let alone one. 

So we carried on ahead. We hired a Company called Add Some Space Granny Flats to do the installation and they were excellent. 

The completion of the Granny Flat was gorgeous and modern and it leased within a week.

The returns have been durable and uncomplicated. We’ve had it for 6 years now and have been able to pay down the total cost of the Granny Flats as well as a leading part of our advance without much effort at all. 

I would powerfully recommend this strategy to anyone considering a low stress way to decrease the cost of your mortgage.