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 Victoria 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 Victoria 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 Victoria can prove beneficial for you. Let’s break down the benefits you can gain as owner of disabled rental property.
- Higher Revenue
In Victoria, 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 Victoria disability houses for rental as compared to standard properties.
- Long-term tenancy
Unlike standard homes, tenancy agreements for Victoria 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 Victoria. 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.
FAQ’s
Can I rent my house to an NDIS participant?
You can rent your house to an NDIS participant with a tenancy agreement, as disability living is funded. However, your house should meet certain conditions and design elements to comply with NDIS standards.
How disabled tenant pay my rent for housing?
NDIS releases funds for Disability Housing Victoria, where participants can get support to rent homes. NDIS provides funding to support people with disabilities, including living and housing, for their safety and independence.
How to find Disability Houses for Rental in Victoria?
VB Homes has a portal of listed private properties available for rental and designed as per NDIS standards. So, you can contact us to find a suitable disability home for tenancy.
Am I eligible for disability rental home NDIS funding?
If you have extreme functional impairment and need high disability support, you can be eligible. However, you need to be a registered NDIS participant to get funding for paying rent to live in an NDIS house.
Do I have to pay rent for the NDIS home from my pocket?
Even if you are eligible for NDIS funding, you may have to pay some portion of rent out of pocket. It is 25% of your disability support pension, and the funding gets directly to your SDA provider’s account.
Can I live in a Shared NDIS rental property?
Yes, VB Homes lets you find Victoria Disability Houses for Rental to live in a shared arrangement. You can have the flexibility to choose with whom you want to live in a shared living arrangement.
Can I make modifications to an existing rental home that is not SDA?
Yes, you can make necessary modifications with the help of VB Homes to a non-SDA home. You can seek funding eligibility for home modifications under your NDIS plan.