BVC AW Blog

When my first cousin and I got into investing for the first time adding an additional Granny Flat and renting it out in our adjoining lot was probably the far fetched thing I could imagine. It was so negative an idea I didn’t want to mention anyone about it for a couple of weeks. 

In the end I worked up the courage to bring it up after we began to lose behind on the home payments. The notion I explained was to get a Granny Flat or Granny Flats and lease it out to a good local deacon given we lived near to a large journalism school. 

Myboyfriend immediately became incensed the idea. They thought it would come between on our privacy. They also thought it would snarl up the street looks of the house. It might end in us running massively over budget in ways that would bestow us more short on cash than before we started talking about it. 

I went back to my thinking room and sketched out out the spending budgets again. We met with the builder to run over ways to limit the impact of the project contractors on the existing appearance, space, and privacy of our dwelling. 

In the meantime I reached out to Tech Institute manager at the university who reaffirmed that accommodation was at acute shortages and they would be able to rent out 50 permanently let alone one. 

So we went ahead. We hired a organisation called PC Renovations to do the setting up and they were awesome. 

The finish off of the Granny Flat was impressive and modern and it leased within a week.

The returns have been appealing and simple. We’ve had it for 5 years now and have been able to pay down the total cost of the Granny Flats as well as a primary part of our mortgages without much effort at all. 

I would strongly recommend this  method to anyone considering a low stress way to trim the cost of your mortgage.