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Thanks heaps. Hmm. Will look at plans again, I am doing some revisions before resubmitting to council. They don't like that I don't have a separate laundry tub atm. Tried giving Kudos, seems I've already given you some quite recently :P

Not a boast, my properties seem to rent higher than the norm. We provide pretty good service, yet that wouldn't explain why it goes that high to start. Not sure, we just ask for it. Also my properties, even though they are old, don't look too shabby.

What is your yield for the main house? Ours is $320/week for a 2 bedroom, tiny fibro un-renovated since 1950's.

As Nek said, newer, bigger, better, etc. House without granny flat, probably $10-20/week more tops. REA said it wouldn't rent for more than $300-310 tops, I strongly disagreed, I feel I know the market a lot better than more agents I've met so far. We are looking more at home schooling or...

No kidding, Budget was shooting up, then she put on the breaks and showed me an engagement ring. $195. Yep $195. Then said we should look at getting married at a friends estate. After she did that, I was like, nope, you are getting what I know you really want. Tiffanys and Co. Ring is...

It is a pretty big increase in rent, I will be clearing $8k/year. That said, I highly advise clients NOT to build granny flats, they really are not worth it IMO unless it fits your strategy. I will build that last one because it will not cost me anywhere near as much due to contacts, self...

I'll have to let you know when it's done. Funds are tight atm, may take longer to construct than anticipated, though it's still kicking off in Feb. I'll take a punt at $90-100k ALL inclusive. My wife-to-be asked if I could go over the wedding budget with her. All illusions of how far a...

I wish I wasn't so stringent with my purchases. I would actually have a lot more and have made at least $500k more in the same period of time. Hindsight... TBH I am a bit of a rogue when it comes to doing my DD the way I should. I do however conduct a lot of ground work and networking with...

$330 / week rent incl. water. Would have gone for $340 / week as mentioned previously, it was however the Christmas period and I was worried about taking forever to rent. Rented within 2 weeks over Christmas, straight after REA opened up again. House re-valued at $450k (I thought I was being...

granny flat was $105k. I had other expenses. this includes work on main house to make them both match.

Plans for granny flat 3 (starting construction in February)

Plans for granny flat 1 (demountable) http://somersoft.com/forums/showthread.php?t=100634 Plans for granny flat 2 (the one just built - topic of this thread)

Picture set 2

Picture set 1

Hi, So this is the second granny flat I finished on one of my properties. Cost: $130k total (and I mean everything) Rental: Aiming for $330/w this close to Christmas, I reckon in a better period, $340/w including water. ROI: about 13%. Which is far less than my demountable granny flat at...