Whether your family is expanding, your aging parents are moving in or you’re just looking for more space in your home, a granny flat could be the perfect solution. But why choose to use your spare land for a granny flat, rather than moving or extending? In this article, we take a look at five reasons a granny flat could be the solution!
A granny flat promotes an independent living arrangement for individuals and can be the perfect option for aging parents. Retirement homes are not getting any cheaper and often it’s not a viable option for many families. Granny flats give aging family members the chance to maintain their independence while also receiving the help they need from their loved ones when required.
2. Income Property
A granny flat is an excellent source of secondary income, although be sure to check if your local council allows secondary dwellings to be leased privately. Some councils do not allow these dwellings to be leased out to individuals other than family members. If your family is starting to get smaller, another option is to move into the granny flat and rent out your primary residence to a family in need. This would likely yield a higher return than renting the granny flat.
Did you know at Lifestyle Granny Flats we take care of all building paperwork and applications so you don’t have to?! Click here to find out more about how we look after council regulations for you.
3. Adult Children
As the economy grows, one would think that job security is something that comes with it, but unfortunately, the job market is still volatile. This uncertainty, coupled with the high cost of living and difficulty for university graduates to break into the market, means that a granny flat might be the perfect spot for your children to feel independent while they save the money they need to rent or buy a place of their own.
Granny flats can also make the perfect first home! Take a look at the following blogs for more information:
4. Additional Space
A granny flat is an easy way to add additional space to your floor plan without affecting your current home. Adding this floorspace can also enhance the resale value of your property as it’s often cheaper to create a new dwelling rather than modify your existing home. Granny flats are cost-effective solutions for an extra bedroom, office or den.
5. Be More Productive
A granny flat is the perfect way to increase productivity if you work from home. The fact that granny flats are separate buildings means that you’re far less likely to have to deal with constant distractions. Anyone who has ever worked from home knows how difficult it is to remain focused and on task if there’s an endless stream of interruptions. A granny flat is an ideal home office solution that will ensure you keep your work/life balance while still increasing your output.
At Lifestyle Granny Flats, we specialise in all things relating to granny flats. If you have any questions about the process of designing a granny flat, or you have a granny flat project already in mind, get in touch with us on 07 3367 8222.