NSW Granny Flat Builder Recommendations ?

Discussion in 'Where to Buy' started by Samurai, 5th Jul, 2021.

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  1. Samurai

    Samurai Member

    Joined:
    27th Jun, 2021
    Posts:
    6
    Location:
    Sydney
    Folks,

    I am planning to build a granny on my 1st investment property in Marayong. Keen to know -your views on below builders ?

    1. Granny Flat Solutions
    2. Granny Flats Australia
    3. 5 Star Builders

    Feel free to share any other builders as well.
    For a standard 2 bedroom, 1 bathroom brick veneer approx. how much cost we can anticipate ?

    Appreciate your help and suggestions!

    Thanks
    Sam.
     
  2. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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  3. Branden

    Branden Well-Known Member Business Member

    Joined:
    12th Aug, 2018
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    Location:
    Blacktown, NSW
    I haven't had any dealings with the proposed companies but have recently inquired with other companies to determine the cost of building a flat. Both companies came back with quotes of around 175k for the construction of the flat! This is a lot more expensive than the cost price of building 6-12 months ago. Both companies indicated that the decreased supply of building materials has sent construction costs through the roof. Just something to think about if you are adamant about going down this avenue. :)
     
    Property Twins likes this.
  4. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Good points Branden.

    I'd be asking what's motivating you to build a granny flat.

    In our journey analysing the outlay and understanding granny flats are really usually only worth 75% of the spend (typically), wouldn't you be better off putting the funds towards another investment purchase, should borrowing allows?

    The numbers never stacked up for us to go down the granny flat route.