The humble granny flat is in high demand. Spurred by the desperate need for more affordable accommodation across the country, particularly the major cities, home owners and investors are renovating their old granny flats to increase their rental income. If they don’t have one to renovate, they are building one.
Demand for this type of accommodation is so high, that The Wall Street Journal reports granny-flat approvals have risen on average by 35% over the past 12 months, with that figure doubled in some parts of Sydney.
For home owner and investors, the appeal stems from the relatively small investment needed for building a granny flat in comparison to the additional income that will be recouped from renting it out.
Maximising profits
Keeping costs low is the key to maximising the profits of a rental flat. The use of vinyl cladding is a popular choice for renovations and new projects alike. The versatility, ease of installation and affordability make it an ideal choice for an attractive and low-cost granny flat.
For new projects vinyl cladding can be easily installed over new framework. For renovations it can be easily affixed to the original surface, providing a simple, inexpensive facelift.
The excellent thermal properties of vinyl cladding will provide comfort for tenants, especially in older uninsulated properties, and the low ongoing maintenance make it an excellent investment for years to come.
Mitten Vinyl Australia
Mitten Vinyl Australia is a fully independent, family owned and operated company that supplies vinyl cladding products to the Australian market.
Mitten Vinyl provides a full range of vinyl cladding styles for new projects, renovations and DIY jobs.
With over 50 years’ experience in manufacturing quality vinyl products, Mitten Vinyl can help you with a cladding solution for your next project.
Click here to find out more about cladding solutions from Mitten Vinyl
