Renting your existing house to NDIS service providers – What you should know?
Undeniably, there is a high demand for disability housing Geelong to meet the specialized needs of people with disabilities. NDIS is likely to improve their living standards through specially designed homes. However, for SDA properties, the government has set some standards and regulations. So, converting your existing property into a NDIS house is not a straightforward process. However, it may be an innovative way to avoid the hefty costs of financial loans to construct new SDA property. Thus you can provide accommodation to a person with disability and get paid for rent. VB Homes is providing useful information in this regard through this post.
Can you rent your home to NDIS?
The quick answer to this question is Yes. Renting your home to NDIS is a profound way to invest. But you must meet the minimum requirements of SDA property design and layout. Therefore, consulting with experts is the way to know the process and standards to maintain. No doubt disability houses for rental in Geelong are in demand and preferred by needy individuals. But they must meet the required standards to be eligible for NDIS funding. So, as per NDIS regulations, you must make necessary modifications to your property for disability living.
How does NDIS funding work for rental property?
NDIS participants who are people with physical and significant disabilities receive funding from NDIA. They are financially supported by the Australian government for particular types of rental property. Hence it allows residents to live inside rental property to some extent offering them a higher quality of life. NDIS and disability housing in Geelong has been a proactive investment avenue for a long time. It can increase your portfolio as an investor and guarantee secure rental income. Also, rent is greater for NDIS homes than that for standardized properties. Thus you can have huge potential to earn good income through NDIS rental property investment.
What makes your house an NDIS-approved rental property?
NDIS rental houses are meant to provide disabled tenants with independent, comfortable, and secure living. Such housing covers a set of accessible features that make it user-friendly for tenants. However, Geelong disability houses for rental investment need to follow stringent NDIS requirements. The property must register as one of the types such as robust design, improved livability, high physical support, and full accessibility. Also, your property must be assessed by an SDA accessor to certify it as an SDA home for disability living. So, you should modify it as per the required type and standard to register as a NDIS rental investment.
The final words
Do you want to rent your property for NDIS investment? Contact VB Homes for constructing a new house and modifying the existing one. We build disability housing Geelong as per NDIS standards and adhere to safety regulations. Being an experienced construction company, we have built a variety of homes as per SDA regulations. So, reach us and discuss your needs to make your dwelling a certified rental income investment.