Property Hacks by Anzac
What is a Property Hack? Essentially, it’s taking your existing property or new construction and making it work for you - generating income, or creating an additional, independent, and fully functional living space where it’s needed.
As the demand for inter-generational housing grows, this type of feature can be a practical way to house family members. Alternately, it can be used to generate rental income - which can help immensely in paying down a mortgage.
With costs higher than ever before, the strategic use of Property Hacks can be a powerful tool for making home ownership more accessible to more people. The ability to rent out a unit can decrease an individual’s debt-to-income ratio, helping them qualify for a more expensive home!