A granny flat is a secondary place of living. It can be attached to the main house of the property or can exist as a separate structure. They typically have all the features of a home, such as a kitchen, bedroom, living room, and bathroom, condensed into a small, cosy space.
It’s no surprise that granny flats are rising in popularity. They can be built for much less than a conventional house and in a fraction of the time. Not convinced just yet? Here are five reasons why granny flats are a growing trend.
Having a granny flat built on a property has become a recent trend among Australians looking for a good investment opportunity. These small but comfortable homes can be used by rent-paying tenants on a long-term basis, which would provide you with an additional income stream. You could also move into the flat yourself and rent out your main home if you feel that it no longer suits your needs.
If you’d rather not commit to long-term rentals, you could also rent out your granny flat on a more short-term basis. Rental websites like Airbnb have risen in popularity, giving people the ability to make some extra money by renting out their spare rooms or entire homes. With their privacy and many amenities, granny flats have proven to be a great fit for travellers using these sites.
It’s not breaking news that granny flats are commonly used to house elderly relatives living with their adult children. Granny flats are truly a fantastic solution for elderly folks. They can retain their independence in a comfortable living space with lots of quality inclusions, like stainless steel kitchen appliances.
In the coming years, there will likely be more and more elderly folks moving in with their adult relatives. In 2016, 15 percent of the Australian population was over age 65. This number has continued to rise and is expected to reach 25 percent by 2056. People are living longer, so naturally, it has become more common to have parents living with you, especially if you can’t afford or don’t live near a nice retirement home.
Granny flats are growing in popularity among those who’d normally struggle to buy homes, such as some newlyweds and single parents. This is because granny flats take less time and less money to build than conventional houses. Granny flats can also be built on property that’s already owned by a friend or family member, which reduces costs immensely.
Granny flats are a growing trend partly because they can also be used as additional living space for you and your family. If you hire an experienced custom granny flat builder, your granny flat can have a wide variety of different uses. This versatile space could be used as a home office, a hobby room, or even a stellar guest house.
A major reason granny flats are on the rise is that they’re more customisable than ever. This is thanks to granny flat building specialists like Smart Choice Granny Flats, who offer a range of granny flat designs with countless customisation options. This includes home fixtures, fittings, interior and exterior painting colours, and so much more. Smart Choice Granny Flats even has professional colour consultants on standby to guide you through these choices, along with mood boards to spark some inspiration.
With over 35 years of experience in this industry, the Smart Choice Granny Flats team never fails to deliver beautiful custom granny flats to our clients. We’ve built over 400 granny flats to date across Sydney, Central Coast, New Castle, and Wollongong, and we are passionate about continuing to deliver top-quality results at affordable prices.
If you have any questions about the process of building a granny flat, our display home, or anything else, please reach out to us at your next convenience. You can contact our friendly team by calling 1300 176 278, emailing firstname.lastname@example.org, or filling out our enquiry form.