Granny flats/dual living/positive cash flow properties
The key to any cash flow positive properties is in buying right. The second most critical point is identifying how to manufacture a positive cash flow property strategies such as renovations, granny flats, dual living, auxiliary units and garage conversions to name a few. TRUWAY can assist you in finding that property with the capacity to a positively geared investment, to enhance your portfolio and provide you with supplement income.
Granny flats are an exceptionally trendy strategy that work very well in particular suburbs. With approvals that can be obtained as a ‘Complying Development Consent’ CDC by a private certifier with no council DA requirements in NSW, this may not be the case in other states of Australia. TRUWAY project manages the construction process and we have created a streamlined process for our investors.
What we have found to work best is to undertake a cosmetic renovation to the existing house at the same time as the granny flat is being construction in order to add manufacture capital value and lift the rental return. TRUWAY is fully licensed to project manage the construction and to have any renovation done via JLC Building and Developments so you can trust us to do the hard work for you.
Oh and check out TRUWAY Granny Flat design on the website www.truwaybuyersagent.com.au
We always recommend that you seek professional advice as this blog is for general information only