Developer Renovator Network

Discover the Profit Potential of “Granny Flat” Developments

Discover the Profit Potential of “Granny Flat” Developments

Date:

June 13, 2024

Time:

06:30 PM

Discover the Profit Potential of “Granny Flat” Developments

Adding a secondary dwelling or “granny flat” to a property can potentially increase the property’s value while creating an extra rental income stream.

 

If you’re seeking to use low-cost development strategies to generate additional cashflow, or even just want to boost rental income from your existing properties, then make sure you get along to this meetup – where you’ll get comprehensive insights into the planning, design, and construction of granny flats, highlighting key considerations for property developers and investors.

 

Venue details as follows

 

Hamilton Hotel
442 Kingsford Smith Drive Hamilton Queensland Australia 4007

 

Arrive @ 6:30pm to network with like-minded investors
(Presentations start 7:00pm. Meeting concludes 9:00pm)

 

Attendance is FREE.

 

Discover the Profit Potential of “Granny Flat” Developments

 

Developing and investing in granny flats presents a unique opportunity for property investors to diversify their portfolio and maximize returns.

 

We’re excited to have Granny Flat expert Mel Miller from Funky Little Shack join us to share essential insights on the rules and processes for the planning, design, construction and occupation of granny flats in Queensland, so you can unlock the full potential of this opportunity:

 

Mel will cover:

 

1) Granny Flat Use and Design
– What people are using them for
– What design is best for your property and how to maximise property value, rental returns, and sustainability
 
2) Regulations & Permits
– Council rules around building a granny flat, including: setbacks, site covers, max home size, max deck size, car space requirements
– what are they (BCC, Qld)
 
3) Site & Construction
– Site Readiness and Access: what has to be done to get the site ready, how do you access the backyard when there’s an existing house, what are the challenges, how do you overcome them, etc. 
– Construction Process: From laying the foundation to final finishing touches, understanding the step-by-step construction process and timeframe
– Access to Services: what is the installation of essential utilities such as electrical and gas, and complying with regulatory assessments.
 
4) Insurance and Legal
– Builders Insurance and warranty: Ensuring peace of mind through appropriate insurance coverage and understanding warranty terms
– Legal issues that arise with granny flats
 
5) Cost & timeline
– How much do they cost, and what are the hidden costs some granny flat companies don’t tell you about

 

6) Case studies
Real case studies of what people are achieving with their granny flats

 

About Mel Miller from Funky Little Shack

 

With a Masters of Architecture, Mel has always been passionate about great design and sustainability. Mel started Funky Little Shack 8 years ago when she saw a real need for beautifully designed granny flats that would add real value to people’s properties and lifestyle.

 

So many granny flats are ugly, old fashioned or shed-like, and Mel wanted to bring new life to the industry with designs people would love living in and feel proud to invite their friends to.

 

Granny flats are a fantastic and affordable solution to retirement, wealth creation and housing loved ones, and there are literally hundreds of thousands of properties you can achieve this with. Many of their clients are achieving 10-12% ROI and more. But often people just don’t know where to start.

 

Funky Little Shack provides a one-stop shop to make it easy for people, including recommendations on the best design to suit their property, budget and lifestyle. They also organise Council approvals and provide a quality construction with sustainable materials.

 

 

FAQ’s

 

-> Can I bring someone else along?

 

Yes, you are welcome to bring anyone who is interested in property investing, renovating, developing – it’s all about learning and networking with like-minded investors.  Please ask them to RSVP so that we know how many people are coming.

 

-> What are you selling?

 

Nothing, these meetups are all about learning and networking with like-minded people.

 

I look forward to seeing you at the meetup

 

Bec

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