Renting your house to NDIS participant – What should you know
Renting your house to NDIS participant – What should you know
Australians with physical disabilities now can access independent living through specially designed homes. These homes cater to the specific needs of disabled individuals for comfortable and safe living. NDIA funds the living cost of NDIS participants in the form of rent to property owners. Though there is a major demand for specially designed homes and the rental returns are higher. Consequently, many property owners invest in disability houses for rental in Thomastown to gain better returns. VB Homes is the builder of NDIS dwellings and gives access to SDA home plans to private property owners.
Enjoy a new revenue stream through NDIS rental houses
Well, the Australian government welcomes property owners who want to transform their vacant homes into SDA homes. This initiative is proving helpful for individuals living with disabilities. But it’s not a one-size-fits-all approach for property owners. Since NDIS and disability housing in Thomastown is specially crafted design approved for construction. So, until your rental property meets strict SDA guidelines, it cannot be approved. These homes are purpose-built buildings and can only be modified to meet the specific needs of disabled tenants. Hence, you need to discuss your needs with expert NDIS builders to construct SDA homes.
Benefits of renting your home to NDIS participants
However, you can only use your property as an investment for NDIS disability purposes after approval. So, it is necessary to construct new homes or modify existing ones as per required standards. However, having approval for rental disability housing Thomastown can prove beneficial for you. Let’s break down the benefits you can gain as owner of disabled rental property.
Higher Revenue
In Thomastown, Australia, large numbers of people are living with physical and mental disabilities. So, there is a significant shortage of disability homes to cater to disabled needs. Therefore, the government is encouraging private property owners to rent their houses to NDIS participants. The government pays rent to owners on behalf of disabled individuals using that property. Also, there is high high-yielding ratio of Thomastown disability houses for rental as compared to standard properties.
Long-term tenancy
Unlike standard homes, tenancy agreements for Thomastown disability housing are long-term. Once the disabled tenants find your property comfortable, they can stay there for an extended duration. The tenancy agreement can span several years to provide you with a consistent return on investment. Also, it can evade the risk of long-run vacancy of property. As the demand for these homes is high, you can easily find other tenants in a shorter span.
The final words
No doubt you can rent your property to disabled individuals for living as per SDA standards. However, the process is complex and you should consult experts in this regard. VB Homes is an expert entity that deals with NDIS and disability housing in Thomastown. They design, construct, and modify structures as per SDA guidelines to make them disability accessible. So, reach the experts and discuss your needs to navigate better rental income potential.