Advantages of Having a Granny Flat on Your Property
Advantages of Having a Granny Flat on Your Property
Firstly, what is a granny flat? A granny flat is the perfect way to increase accommodation options on your property or build on your investment portfolio right from your backyard! A separate living space on the main residence is ideal for renters looking to live in an affordable location or for giving your own family the extra space they need. Building a house with a granny flat could be the ideal solution for you, and the team at Provincial Homes can help make that a reality.
Increase Income Potential
Building a new granny flat on your property is an excellent way to generate rental income. Rather than spending a large amount on purchasing an investment property, you can invest your money in building a granny flat with a garage right in your backyard, allowing you to get started on your property investment journey sooner. This living situation is perfect for young people or couples and families wanting to live in a smaller and more affordable space, while you can easily maintain and manage the living space. This rental income can pay off the build of the granny flat in a shorter amount of time than a regular house or could be put towards the mortgage of your own home.
Improved Family Dynamics
When your adult children finally come around to visit or just seek additional space and privacy while still living at home, a granny flat with a garage or Fonzie Flat may be the solution you need. Visitors can enjoy their own living quarters separate from the main residence making them feel right at home. Rather than moving your elderly relatives to a nursing home or aged care residence, they can enjoy the option of living close to family while still benefiting from their own space in a granny flat. At Provincial Homes, we can guide you through the process of designing a house for yourself plus a granny flat that meets the needs of your family, prioritising their independence, while also keeping family close.
More Accommodating Living Situation
At Provincial Homes, we can help you to create the perfect accommodation. When guests come around, you can wow them with their own living area or if you work from home, you can do this in your own separate quarters, creating a new space and privacy to get your work done. Not only does having a granny flat provide you with a range of new accommodation options, but it will increase the value of your home, with low running costs and additional space for more occupants
To help make your granny flat design a reality, contact Provincial Homes on 02 9629 5200 or contact us online to request a quote.