Cheap Cabins and Cottages
With the rapid increase in house prices throughout Australia, buying a home of your own is getting increasingly difficult for the majority of families. Cabins and cottages provide a great low cost entry point to home ownership for less than the cost of rental in many cases.
For first home buyers struggling to save a deposit to buy a house there are significant benefits in buying a cabin or cottage to get a foot in the real estate market. Obviously the major benefit is the less money borrowed, the less has to be paid back. A second benefit relates to timing. In a rising market, the sooner you buy, the sooner you start to realise capital gains – and you no longer have to worry about getting priced out of the market.
Starting off small with a cabin or cottage means you won’t be a slave of the banks and variable interest rates for the next 20 or 30 years. Having a cheaper property that can be paid off quickly makes it easy to get out of debt and obtain financial freedom.
Pensioners and retirees often no longer need a large house and can live comfortably in a small relocatable house. In some cases they could set up a small transportable house in their back yard and rent out the main house as a source of income.
Transportable and relocatable homes have opened up lots of options for home buyers and investors. Farmers and holiday makers have been using transportable buildings for years but now others are beginning to see the potential.
Cabins make the perfect granny flat, backyard studio, or teenagers retreat if you have the room in your backyard. A portable cabin or cottage is usually much cheaper than adding to an existing structure, and has the advantage that it can be sold off when no longer required. Teens and their associated noise can be housed in their own cabin retreat away from mum and dad and younger children.
Working at home is becoming very popular with owners of Internet based businesses and in this situation a cheap cabin makes the perfect backyard getaway where work can be conducted away from distractions in privacy and peace. Likewise, artists seeking space to leave their gear set up can have a cabin studio set up in their back yard.
It doesn’t matter if you don’t have driveway access to your rear yard for installing a granny flat or studio because they can be lifted into position by crane, over your house roof if necessary.