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Pros And Cons Building A Flat On Your Investment Property

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Pros And Cons Building A Flat On Your Investment Property. 


With higher interest rates impacting investors, many buyers are looking at creative ways to boost their rental income.   One popular strategy is building an extra dwelling – like a granny flat – on the property.


While it’s not possible in all situations, there are benefits to having a second residence on the property. Here are some advantages and disadvantages of building a granny flat on your investment property.



Advantages



Disadvantages

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Use the knowledge of a mortgage broker as they provide valuable insights into the current market and offer various lending options. Brokers can help you compare your existing mortgage and help you make informed decisions about financing or refixing.

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