borrow amount

Granny Flat or Second Dwelling

The Granny Flat or Small Spaces Boom.

For those property owners with a large grassy back yard that you just wish you did’t have to mow every weekend or holding a very small parcel of land which you are not sure what the development possibilities may be available, then these income or project ideas maybe your properties redeeming feature.
As for our own clients, two client examples come to mind, as for the grassy back yard, one client just didn’t have the time to mow since he worked more than a 60-hour week and last thing he wanted was to mow the lawn on the weekend, so he built a dual style second dwelling on that piece of lawn. One side was to rent out and the other was his man cave, his office & retreat also, the man cave could be used as a renter as well in the future. 

A number of websites and financial calculations tend to turn a lot of people off when starting the purchase process since you will get a different borrowing figure from each website therefore some people decide to leave these calculations until the last minute which can lead to a lot of stress and disappointment.  Calculating your capacity to borrow will be different with each lender which a licensed Credit Adviser can prepare these numbers which are not as hard or as daunting as you may initially think.
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