I am planning to build a granny flat at the rear of my property, and am having trouble determining the feasibility of such a task.
Currently, the property is as follows
House on 700m2 land, with a large rear yard. Driveway down the side, leading to a carport, and a shed behind.
My intention is to build a granny flat at the rear, separating the 2 properties with a fence to create privacy. It would be nice if the could be a driveway access too.
As you can see, the current driveway would need to be extended to the rear. I would probably want to re concrete the whole section, but am not sure how much it would cost. The carport would have to be shifted to behind the rear of the house (would I need council approval?)
So the first question is, how feasible would this be?
My second question is in relation to when I should start organising building. Should I take out a loan for this, or use my savings/ equity?
I am currently living in the house as a first home buyer, but after the 6 months is up, it will be rented out.
Do I start construction now while I am living at the house, or wait until I have some 'income' from rent? When do I tell a quantity surveyor to come?
Thanks in advance!
Currently, the property is as follows
House on 700m2 land, with a large rear yard. Driveway down the side, leading to a carport, and a shed behind.
My intention is to build a granny flat at the rear, separating the 2 properties with a fence to create privacy. It would be nice if the could be a driveway access too.
As you can see, the current driveway would need to be extended to the rear. I would probably want to re concrete the whole section, but am not sure how much it would cost. The carport would have to be shifted to behind the rear of the house (would I need council approval?)
So the first question is, how feasible would this be?
My second question is in relation to when I should start organising building. Should I take out a loan for this, or use my savings/ equity?
I am currently living in the house as a first home buyer, but after the 6 months is up, it will be rented out.
Do I start construction now while I am living at the house, or wait until I have some 'income' from rent? When do I tell a quantity surveyor to come?
Thanks in advance!