Granny flats are independent dwelling units on your property that offer the same comfort as a regular home. They have become modern and artistically designed abodes from just a garage or shed conversion. They can be the new residence for family members, or you can rent them out to earn rental income.
Are you considering buying a second home? Even for people who love their primary residence, a secondary property can be a significant future investment. Either looking for a vacation home in your favorite destination or taking the first step towards real estate, buying a second home can be an exciting process since you have successfully completed the financing process before. But the cost of owning a second home adds up fast depending on how you use the property. As a mortgage brokerage company, you can trust our resources to support you on your plan for using your second home.
A granny flat is a secondary dwelling on your property, detached or attached to the main house. Granny flats are sometimes built above a garage or in the backyard, and most have a bedroom, bathroom, kitchen, sitting room, and laundry.
Buying a new home can be an exciting yet nerve-wracking process. You have to find the right house to purchase and a suitable mortgage. You might feel pressured to find a home right away, but before you start visiting houses and making offers, your finances should be in check as well.