CASHING IN ON YOUR GRANNY . . . FLAT
IN THE CURRENT TRYING ECONOMIC TIMES, BUILDING A GRANNY FLAT OR GARDEN COTTAGE IS AN INEXPENSIVE WAY OF HELPING SOLVE THE HOUSING PROBLEM MANY PEOPLE ARE EXPERIENCING. FOR THE PROPERTY INVESTOR, A GRANNY FLAT IS ALSO A PRIME OPPORTUNITY TO MAKE A SIZEABLE RETURN ON INVESTMENT, WITH THE RENTAL INCOME TYPICALLY BEING MUCH HIGHER THAN THAT OF A SECOND BOND PAYMENT. BETTAPOD, BASED IN GAUTENG, SPECIALISES IN BUILDING GRANNY FLATS TO SUIT YOUR POCKET AND YOUR AVAILABLE SPACE.
The consultants from Bettapod spend time with each client to determine the best layout for their particular granny flat. Once approved by the client, they can assist in securing second bonds through four of South Africa’s major banking institutions, whom they work with on a regular basis.Their bond originator can also check how much you qualify for, even before starting the planning process.
Once they have been given the go-ahead, Bettapod can begin construction, all of which is carried out according to NHBRC standards. Bettapod also adheres to SANS 10400 regulations, meaning that their buildings are energy efficient, ultimately leaving you with more money in your pocket. This is enhanced by the use of LED lighting, their unique “cool roof system” and – if you follow their suggested guidelines – the installation of gas appliances such as stoves and geysers. Heat energy management is a major energy cost to your household, so if possible they install aluminium window frames with glazed and insulated glass panes.
Your choice to invest in a granny flat has immediate financial benefits. Rent income for a granny flat easily yields six times the return when compared to a similar value fixed deposit. This means that while a R190,000 savings account may give you approximately R950 income per month, you can rent out a granny flat for R4,500 or more.The value of your primary property also increases with the addition of a granny flat.This is one of the factors that counts in your favour when applying for finance.
Bettapod also specialises in beautiful and durable wooden houses, also built by NHBRC standards, which come with a fiveyear guarantee.
For more information, contact +27 11 0237 8389 or please visit www.bettapod.com