CASH­ING IN ON YOUR GRANNY . . . FLAT

In Flight Magazine - - DYNAMIC DRIVING - { TEXT: SUP­PLIED | IM­AGE © IS­TOCK­PHOTO.COM }

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

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