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For those in the process or who have completed this, approx costs and expected returns would be great. Particularly those in Perth.
I'm in the process of doing a pair of them now.
Only up to design and planning approval process, but I've been strategising about them for over a year.
What were you thinking of doing?
Disclaimer: I have not dealt with any of these companies and know nothing about them. Something to consider if you want to move the granny flat in the future is a 'pod' type granny flat such as:I want to have the granny flat installed in such a way that it can easily be moved to another site in the future.
I am looking at targeting older properties on 800 square metres of land, that have R60 rezoning (from R20) in about 8-10 years time. I have already identified some properties meeting the criteria, that would suit a granny flat on the rear. I want to have the granny flat installed in such a way that it can easily be moved to another site in the future.
sunnybill, how will you know where will be R60 in 8-10 years time?
The only thing to be aware of with transportable dwellings is that a bank won't finance the purchase/construction of it as it is not a fixed asset.
Building one (2 bed 1 bath 60sq) now - 12 weeks in almost finished. Builder is going to rent it off me for 3 months and use as a display GF. Which is good so will give me time to find tenant.
No bad experience yet though if you make any variation have to add 30% builders cost on top. ie I added a security door - should have done it myself.
I'm building on a 700sqm block. Total cost will be $130k and initial rent will be $300 week.
One cost to look out for is bin hire. Council is charging $600 a year to add a bin for the GF tenant.
Disclaimer: I totally back this company as I work there But this is just my opinion. SGF is a new division which does not only tradition builds on-site but also transportable ones. Both are similar in price and have there pros and cons
http://www.summitgrannyflats.com.au/
Ive started the process of building a GF at Wanneroo for the same reason SunnyBill is, however I will do it abit different.
It will be transportable but will be the same shape as a traditional GF. Normal transportables are long & skinny as it fits on 1 truck. Mine will be made in 2 parts and I will build on-site.
Ive got a VERY small budget so wont be going through traditional channels
I doing it as a Owner builder & manage /build myself, pulling every string I can & cashing in all favours Ive got.
Had 2nd unforseen cost today (1st was tree lopper smashing the fence) where my mate & I ripped out sewer pipe when excavating retaining....boys with BIG toys!
Will update as we go
Does that all sound reasonable?
But then what happens after the lot is rezoned?