It’s no secret how housing prices have skyrocketed over the years. Due to this, many homeowners have been more creative in maximizing their space and profits to address the growing demand for affordable housing options while creating value for their respective properties.
One of the popular trends lately is to build a granny flat. If you’re not familiar with them, they’re basically a tiny housing unit built within your property, beside the main house. Since granny flats come with the same amenities as any other house for only a fraction of its price, many have one attached to their property.
They’re incredibly beneficial for individuals looking to keep their family close, find another source of income, or simply in need of extra living space. Unsure if you should build one for yourself? Let us convince you. Read on for more reasons why you should invest in a granny flat.
Building a granny flat on your property and renting it out is an excellent source of passive income. Nowadays, you can quickly market your granny flat to tourists or individuals looking for short-term stay options on property rental platforms like Airbnb.
Alternatively, if you’re comfortable enough, you can move into your granny flat and have the main house available to rent. As the granny flat is within your property, you can conveniently check on the home any time you want. That way, you won’t be too worried about your house being rented out.
However, be mindful of the varying granny flat regulations. Areas like Brisbane and Melbourne, for instance, only allow homeowners to lease their granny flats to their relatives. Thus, ensure that you follow local government laws before attempting to list your house on rental services, regardless of the city you’re in.
Another benefit of investing in granny flats is their customizability. You may think that getting a granny flat custom-built might be the pricier option, but that’s not the case. Just think of it. The materials, design, and additional upgrades are all up to you. Hence, you’ll be more confident of the total cost of construction and steer clear of any hidden fees that you weren’t made aware of.
In addition, since there’s no guarantee that you’ll find premade properties that will perfectly complement your home, getting one built according to your style and tastes is more preferred.
Do you want it to be modern-looking? Or are you more into cozier designs? With you deciding, the possibilities are endless! Interested? Talk to local Granny Flat builders in Wollongong, Los Angeles, or whichever city you live in to get your dream property made into reality.
Granny flats are named as such because they are traditionally used to house a family’s aging parents. That way, multi-family living is achieved while retaining the independence of elderly family members. Due to that, they are known to be the cheaper retirement option. Of course, nowadays, granny flats are also used by other family members.
For instance, the property can act as a meeting place for the teenagers of the household. They can hang out with their friends, and you won’t have to worry much about the noise or mess bothering the people in your main house. Thus, individuals looking to keep their families close often build granny flats.
If you find yourself needing extra space, you should definitely build a granny flat. Is your house too distracting for work? Turn your granny flat into a home office and work without any distractions. Do you want to give your kids a safe place to play? Fill a small granny flat with toys and let them enjoy their new playhouse.
Or perhaps, are you an artist looking for a place to let their creative juices flow freely? Transform the flat into your very own studio! Granny flats truly provide you with the extra space that you can make use of for the many years to come.
Did you know that granny flats can increase your home’s value up to 25%? That’s a lot, especially when compared to a swimming pool that only adds 7%. Not only that, but the income you can get by renting it out may help you pay your home’s mortgage and even increase the number of depreciation deductions that you may claim.
On the other hand, building a granny flat is also a way to improve the overall look of your property, making it more appealing to prospective buyers in case you want to sell your house in the future. Indeed, a granny flat is a low-cost, high-return investment that can instantly boost the value of your block.
There’s no doubting how much benefits granny flats can bring to any homeowner. Regardless if you’re building one to diversify your investments or if you’re simply in need of more space for your family or hobbies, granny flats are worth getting!
Tiles for walls are more than just practical elements of your home interiors—they are design statements that bring both beauty and functionality to your spaces. Have you ever wondered how a simple change in wall tiles can transform an entire room? With endless options in materials, textures, and designs, tiles can enhance any room, from […]
Creating the perfect wardrobe design for your bedroom interiors can feel like a challenging puzzle. After all, this piece of furniture isn’t just for storing clothes – it’s also a defining feature of your room’s style and a key element of organization. It’s not just a practical necessity; it’s also an essential element that contributes […]
Given a marble’s beauty and timelessness, the variety and types of marble are extensive and boundless in the modern world. Different types exhibit different colors, patterns, and textures based on their origin. That being said, selecting the right type and variety that suits your space is crucial to justify the beauty of marble. Regardless of […]
Marble bathroom designs transform your bathroom interiors to a great extent, considering marble’s purity, shine, and grace. With bold veining, rich texture, and different colorations, marble can transform an ordinary bathroom into a different level of refined relaxation. From sleek, minimalistic designs to strong statement pieces, marble suits your styles, rendered to be equally complimentary […]
When you walk into a room, what’s the first thing you notice in the interiors? The furniture, the walls, or the ceiling? Often overlooked, the ceiling plays a significant role in defining the ambiance of a room. If you’re looking to add some flair, sophistication, or a modern touch to your living room, false ceiling […]
As soon as you enter a space, walls define its boundary, volume, style, and experience. Interior wall designs are crucial in determining the mood and aesthetic appeal of an interior space. To create a one-of-a-kind space for occupants and guests, the interplay of interior wall designs and their volume is key. To evoke a feeling […]
In small bathroom layouts, every square inch counts. Without a thoughtful plan, a small space can quickly become cluttered, making it feel even more cramped. The right bathroom layout not only enhances functionality in interiors but also creates a sense of openness. Think about it—how frustrating is it to move around a bathroom where the […]
Do you enjoy keeping games, books, and ornaments in your hallway? This carefully chosen collection of living room storage ideas will complement your interior decor and be suitable for Indian homes. These are chosen from a shortlist of different product designers’ living room storage designs on Archioo. The following living room storage concepts have been […]
Creating a TV unit design in bedroom requires the right balance of functionality, optimization, and aesthetics to enhance the space. Apart from cots and wardrobes, TV units in a bedroom play a pivotal role in captivating an individual’s attention. Keeping in mind, the design theme and concept of your home, the TV unit design in […]
Are you worried about the small space left in your kitchen? In parallel kitchen design, the layout divides the kitchen into two parallel counters. Including the parallel kitchen design, the work sequence includes store, wash, prepare, cook, serve, eat, and be followed by clear and wash up. From the sequences, we learn that three appliances […]