If you’re thinking about building an extension to your current house or just looking for ways to increase the value of your property, there’s no better place to start than a custom designed granny flat. Giving you the freedom to design a style and size that suits your needs, granny flats are a great way to add extra space to your home and provide a flexible space that can be utilised in a range of different ways.
So whether you’re tossing up the choice of building a granny flat or an extension, looking for an investment, or just trying to convince your significant other to start building; here are our 5 top benefits of building a granny flat!
- You’ll be helping the kids save for their first home
As house prices and living costs continue to rise, it’s becoming harder and harder for young people to save for a mortgage deposit and get their foot into the property market. As a result, many are packing up the bags and moving back into the family home in order to save on the cost of rent and giving them the chance to budget for a house deposit.
But young adults – and young families – moving back in with the parents can mean crowded houses, lack of privacy, and a line up for the bathroom! One of the best solutions to this tricky situation is of course the granny flat which will give the whole family asense of separation and their own space.
- Extra rooms for visitors
A granny flat can also act as a perfect guest bedroom for when additional guests come to town. Having extra space when family comes to visit for Christmas, or when friends are travelling from overseas can make longer visits easier and give guest the freedom of having their own kitchen and facilities.
- Future proofing for parents
Granny flats are also a great investment for those who may have to care for elderly parents or grandparents. With our range of custom designs and special inclusions, it’s easy to build and design a granny flat for special needs or wheelchair accessibility. It means you can be there to care for your loved one while still giving them a sense of independence.
- Additional income
When your granny flat isn’t being used for hosting family and friends it can be a great way to to earn some extra income. By listing your granny flat on websites such as AirBnB and Stayz you can rent out your granny flat on a casual short term basis. Alternatively you can also use websites like FlatMates to find a long term tenant for your granny flat.
- Add value to your property
The final benefit of building a granny flat is of course the market value it will add to your property. The extra rooms and features of your granny flat can add thousands to your property value and favourable point of difference for future buyers.
Are you looking for an experienced team of builders to help you build the granny flat of your dreams? Granny and Co Homes are Brisbane’s premier granny flat builders. Why not give us a call on (07) 3180 2681 or send us an online enquiry today to find out how we can help you!