Adding a granny flat or secondary dwelling to your property can be a smart move – but only if done affordably. With granny units ranging from $50k on the very low end to over $200k for premium builds, negotiating a competitive granny flat prices is key. In this post, we’ll cover proven tips to get granny flat builders like Granny Flat Solutions to offer their best deals. You’ll learn negotiation strategies to maximize value without compromising quality on your secondary dwelling addition. Let’s dive in and save some money.
Do Your Homework
Knowledge is power when negotiating. Research average per square foot granny flat construction costs in your area. Factor in your lot limitations, materials needed, and special requirements. This equips you to spot fair and inflated pricing.
Get Multiple Quotes
Never accept the first bid. Contact several reputable granny flat builders and supply the same project parameters. Comparing 3-5 detailed quotes exposes reasonable rates versus outlier bids. Use the lowest quote to negotiate down higher ones.
Time Your Purchase
Construction demand fluctuates seasonally, impacting pricing leverage. Mid-late winter and fall are ideal timing with lower demand. Be wary of peak spring/summer rush when prices spike.
Offer Flexible Payment Terms
Ask about a discount for paying 50% upfront and the balance upon completion versus progress installments. Removing payment plan admin can merit savings. Just ensure work stages are guaranteed.
Request Referrals and Reviews
Ask builders for client references and online reviews to assess quality and value. Reputable builders invest in referral networks and ratings. Beware ones without.
Bundle Services Together
Negotiate a lower overall price by using the same builder for granny flat construction and design work. The convenience of one point of contact can translate to discounts.
Hold Firm on Materials
If quotes specify particular build materials or brands, resist changes even for superficial upgrades. Altering materials from initial agreements can open the door to price hikes.
Add Value with Sweat Equity
Offer to handle non-structural tasks yourself like painting, landscaping or decorating. Just ensure safety and permit compliance. Sweat equity saves money.
Promise Publicity and Reviews
A granny flat showcase model on your high visibility property, with positive online reviews, is great marketing. Tout this exposure during negotiations for the best deal.
Ask About Discounts and Specials
Time your granny flat purchase toward the end of the builder’s fiscal year when they may offer discounts to hit revenue goals. Or inquire about any current seasonal specials or promotions you can take advantage of. Timing sales cycles properly unlocks savings.
Offer to Supply Some Materials
Propose sourcing select granny flat construction materials yourself that you can find at lower trade costs, like flooring, fixtures or appliances. Just ensure they meet the builder’s specifications. The builder saves on procurement and you gain bargaining leverage.
Conclusion
With preparation and strategic negotiating, you can definitely land an affordable granny flat price without compromising on quality. Do your homework, get multiple bids, ask for discounts and add value to maximize your savings potential. You’ll secure the best rate with the right approach. With the right prep and negotiation strategies, securing an affordable yet high-quality granny flat is totally achievable. Stay patient, resourceful and friendly, but persistent. The savings will be worth it.
