Hi all,
I've been reading up about Granny Flats and I like the idea. Just gotta look into it a bit more regarding financing and the developers contributions, etc.
My question is how do renters usually react to having a GF at the back of the house. E.G. if I have a 3 bed main house, and a 1 bed GF in the backyard, do I have 2 separate leases for these? Ideally, I'd have a family in the main house, and a student in the GF, right?
I know GF brings nice little cashflow every month, but would that bring down the rent from the main house? Coz the renters might not like the idea of having another tenant at the back of the yard?
What are the other implications? Like, do we have to define "common" areas? I mean the student in GF might also wanna use the clothes line or a grassy area to lie down, etc.
Has anyone come across these issues? How do you deal with them?
Thanks!
I've been reading up about Granny Flats and I like the idea. Just gotta look into it a bit more regarding financing and the developers contributions, etc.
My question is how do renters usually react to having a GF at the back of the house. E.G. if I have a 3 bed main house, and a 1 bed GF in the backyard, do I have 2 separate leases for these? Ideally, I'd have a family in the main house, and a student in the GF, right?
I know GF brings nice little cashflow every month, but would that bring down the rent from the main house? Coz the renters might not like the idea of having another tenant at the back of the yard?
What are the other implications? Like, do we have to define "common" areas? I mean the student in GF might also wanna use the clothes line or a grassy area to lie down, etc.
Has anyone come across these issues? How do you deal with them?
Thanks!