Get a free site inspection and quote today email ENQUIRE HERE phone 1300176278

Top Reasons to Invest in a Granny Flat

Have you ever considered making an extension to your home for extra space in a smart granny flat? What about investing in a granny flat?

A granny flat not only makes your property spacious and caters to social demands but also enhances the property’s monetary value.
With an expert granny flat builder, you can get a perfectly customized, stylish, and eye-catching living space that is equally cost-effective. Let’s explore how you can benefit by investing in a granny flat.


Why Invest in a Granny Flat?


A granny flat is similar to traditional homes, specifically designed to address the needs of elderly persons. They hold the components and structure of a typical, livable house with tailored facilities to offer ease and comfort to your elderly loved one. Mainly, they incorporate 1 or 2 bedrooms, a small living room, a dining room, a full-sized kitchen, a bathroom, and small laundry.

Following are a few potential reasons to build a granny flat on your current property


If you are a family person and do not want your elderly family members to be far from you, you will surely love the concept of a granny flat. It allows them to live closer to you and enjoy the slow-paced lifestyle. Some fantastic benefits of a granny flat include:

As a person ages, he/she needs extra care due to their weak body and declining health. In such cases, older people shift to nursing homes or care facilities. Granny flat price to build is less overall compared to nursing home expenses. Thus, you can avoid this unnecessary expense and pay for cheap home care services, and your loved one will also be under your observation. You can monitor their progress 24 hours a day.

A granny flat lets your loved ones celebrate special occasions with you, and you will no longer need to spend a lot of time and money on traveling from one place to another. You can keep your elderly loved ones near you, and they will no longer miss any of the special occasions in our busy lives

A granny flat gives children a chance to spend time with their grandparents. The intergenerational knowledge they get from them helps in developing, building, and polishing their personality overall. Also, grandparents tend to become more lively, active, and cheerful with children around them. Grandparents can make great babysitters also.

Increases property value


With a granny flat, you can attract potential buyers whenever you plan to sell your property. The banks or potential buyers cannot deny the value of the additional dwelling on your property, the property price will generally increase more than the granny flat cost to build.


Maximizes Income


We have Granny flat plans of some beautiful and functional granny flats which can help you earn a solid long-term rental income. You can even rent it out for short-stay vacation purposes. It is an excellent alternative for people residing in seasonally populated destinations. This extra income can help you pay your mortgage faster or even enjoy some luxuries you have only dreamt about.


Multi-Purpose House


We layout granny flat floor plans in variety of different ways to suit each individual needs. With more bedrooms, and living areas you can make it a guest house for your visitors. This not only provides them comfort but also more privacy. You can also use a granny flat as an office space if you are working remotely and want to avoid any disturbances. Likewise, granny flats are also suitable for older children craving separate space and more independence.


Useful For Downsizing Plans


As you approach retirement age, life situations do not remain the same. Your grownup children may move out, and your spacious house is no longer fully used. In such events, downsizing to a granny flat and renting out your main home is a brilliant idea. This ensures reliable passive income while making good use of the space in the yard. Similarly, moving into a granny flat is a viable option if you are into traveling a lot.


Creative Renovation of your Property


When you design a new building, you get the opportunity to get creative with its style, architecture, and features. Consequently, with contemporary granny flat designs, you can create a visual masterpiece while uniquely expressing your existing space. With a professional granny flat builder, you can install robust security systems and smart technologies and choose other value-added items for your granny flat, which your main house is missing.


Final Thoughts


If you want to get more creative and are looking for ways to maximize the utilization of your space, a granny flat is undoubtedly the best choice.

In Australia, an increasing trend of building a granny flat has been observed due to its monetary and social benefits. So, if you are looking for a granny flat builder in Sydney, you can find the best one, by going through different granny flat builder reviews. Alternatively, Smart Choice Granny Flats have expertise in establishing a customized, top-notch granny flat that is just according to your requirements.