Unlocking Extra Space and Income Potential with Extensions and Granny flats

As living costs and house prices continue to rise, purchasing a larger home is becoming increasingly hard. But have you considered adding to your already existing property in the form of an extension or granny flat to increase the amount of space to your home? Or expand to leverage your property for additional rental income?

Maximise Space

One of the most apparent benefits of building an extension or granny flat is the ability to maximise the available space on your property. Whether you need an extra bedroom, a dedicated home office, or a self-contained living space for extended family members, a builder can tailor the design to meet your specific needs and preferences.

Increase Property Value

Adding square footage to your home doesn’t just improve your quality of life; it also boosts the value of your property. On the Sunshine Coast, where real estate is in high demand, investing in home improvements can yield significant returns when it comes time to sell. A well-designed extension or granny flat adds both aesthetic appeal and functional value to your home, making it more attractive to potential buyers.

Enhance Lifestyle

Imagine having the extra space to pursue your hobbies, entertain guests, or simply relax and unwind. Whether it’s a spacious deck for outdoor gatherings, a sunlit studio for art projects, or a cozy retreat for reading and reflection, a builder can transform your vision into reality, creating a space that complements your lifestyle and enhances your everyday living experience.

Cost-Effective Solution

Compared to the expenses associated with purchasing a new home or renting additional space, building an extension or granny flat is often a more cost-effective solution. By leveraging your existing land and infrastructure, you can avoid the hefty upfront costs and ongoing expenses of relocation while still achieving your desired living arrangements or investment plans.

Generate Rental Income

With the Sunshine Coast experiencing a surge in demand for rental properties, adding a granny flat to your property presents an excellent opportunity to generate passive income. By renting out the additional space, you can offset your living expenses and even turn your property into a profitable investment. Plus, having a builder construct the granny flat ensures that it meets all regulatory requirements and is designed for optimal comfort and functionality.

Customisation Options

When you contract a builder for your extension or granny flat project, you gain access to a wealth of customisation options tailored to your preferences. From architectural design to interior finishes, you have the freedom to personalise every aspect of your new space, ensuring that it reflects your unique style and meets your practical needs.

As outlined, contracting a builder to build an extension or granny flat on your existing property offers a multitude of benefits that enhance your lifestyle, increase your property value, and provide opportunities for additional income. With the Sunshine Coast’s stunning natural beauty as your backdrop, there’s never been a better time to expand your horizons and make the most out of your living space.

Choosing the right builder for your extension 

We encourage anyone who is looking to undertake any building or renovation works to do their due diligence when selecting a builder to undertake the works. In Queensland there are various licences that states what a contractor is allowed to undertake. To check if a contractor is licenced, you can go the Queensland Building and Construction Commission website and do a licence search. We also suggest you read our blog article How to Choose the Right Contractor for your Renovation Project 

To save you a search, Nyblad Construction is a licenced builder and offers a one-stop-shop approach to all your extensions, granny flats and renovations. We can organise everything from getting drawings, engineering and plans, to organising all trades and contractors involved. We have a great network of subcontractors that have all been vetted to ensure they are licenced and have the required insurances.

You can be as involved as you like when it comes to design and choosing fixtures such as tapware, baths, tiles, flooring etc. Again, we have established relationships with local Sunshine Coast suppliers that are always willing to talk you through your choices. And if design choices is not for you, we have plumbing, flooring and tile packages available to make quick choices – an excellent option for investment properties. And if you want to take it a step further, we work with a few different Interior Designers located here on the Sunshine Coast. 

If you would like to book in for a chat with our Estimator about your property and how you could maximise the space available on your property, give us call or send us an email.