Granny Flats: An Efficient Use of Your Land
Have an old garage and don’t know what to do with it? Is your unkempt garden taking up a huge chunk of your property? Turn these spaces into assets by investing in granny flats. This type of housing is enough for one or two people to live in. Instead of keeping your assets hanging in your own home, change your extra space into something more beneficial for your family.
The Original Granny Flat
Granny flats earned their name because most families tend to care for their old. Instead of living far away, they can stay in a comfortable house right next to your own. As the elderly sometimes need special care, families would rather have them within reach. The great thing about these flats is elderly parents can still live with you, but you can still have your own space. This gives everyone adequate comfort and privacy in their daily lives.
Cheaper Than Two Properties
Apart from being in close proximity with grandparents, granny flats help in lowering expenses. As Grandesigns WA explains, you do not have to pay for two lots. You can simply build one from the space that you are not currently using. Building it will not even be as expensive, especially when you are starting from an unused garage. A simple renovation can turn an empty space into a cosy living space. When you have visitors, you can let them stay in your granny flat, so they save expenses on lodging.
Source of Income
Some homeowners lease their granny flats for extra income. This is common for city folks who are looking for professionals in need of lodging near the workplace. Nonetheless, you need to talk to the local council and find out what you can and cannot do.
Make better use of your free space with a granny flat. This might even turn out as a long-term property investment, as long as you play your cards right.