1. Home Office
A peaceful and quiet area in your own house is a fantastic space for work. You can discontinue renting out a place for your business, by moving in right into the granny flat in your yard. You are also free to rent it out to different people for their small businesses.
2. Rent It Out
You can always use it as a real estate asset. Young students are always looking for small apartments to live in and renting out the granny flat could be perfect for both of you. The extra money could be used to either make up for what you spent building that house and also help cover your mortgage. You could put away the money for your retirement too. Make sure you make a formal tenancy contract if you choose to rent it out to someone.
3. A Personal Space
One of the most common choices would be to turn it into your own relaxation space. You can use this granny flat as a peaceful zone to indulge in your interests and hobbies. Convert it into a home gym, yoga studio, or even a garage! This can help you get the most out of your granny flat.
4. Homestay for Young People
As mentioned earlier, college students are always looking for cheap accommodation. It also works very well as a Homestay for foreign exchange students, who are just there to learn more about the language, culture, and way of living. You will quickly gain an income from the granny flat, but you need to make sure that their basic necessities are met when they live with you.
5. Pool House
If your house has a pool, this structure would be the best place to store all your pool products and required chemicals in one place. The fact that it has a functioning bathroom makes your swimming time hassle-free. You wouldn’t need to go into your main residence for a before or after a shower. All your pool toys or accessories can be stored safely. Your kids can also enjoy themselves without creating a mess in your main house.
For more information on our granny flat builder services, you can get in touch with us at 5 Star Granny Flats today! Just give us a call on 1300 843 921 or fill in this contact us form. You can also use this form to get a quick online quote.
