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    Reno/Granny Flat/Redevelopment - pros and cons?

    Very true. It's unlike dual key apartment where tenant can live in the 'same' apartment and never see each other. For me I won't be interested unless the rent is around $80-100 cheaper than one with GF. If I live with family, I might not consider rent main house at all if there is a GF at the...
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    Reno/Granny Flat/Redevelopment - pros and cons?

    I think it might more to do with refinance? Say start with a IP worth $400k(call it Property A), get another loan for $100k to build GF, then you have a positive geared property, but also have $80k more debt (assume you put 20% for GF cost), which is the same balance sheet position as if lend...
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    Reno/Granny Flat/Redevelopment - pros and cons?

    Hi there, I read some post in this forum that mentioned actively increase property's value, including renovation, redevelopment and building granny flat. I guess renovation makes sense, it's a matter of how much more value would you get (either through sales, refinancing, or rental increase)...
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