Granny flats are now seen by many Australians as a way to keep their family together. Many also see it as a cost-effective option to increase the value of their property. Some also consider Granny flat sydney to be a way to strengthen financial security.
Multigenerational living is becoming increasingly common and popular, as baby boomers reach their retirement age. More families are now considering extending their homes to create well-appointed spaces for their elderly, providing enhanced and affordable care and support.
Some jurisdictions also allow homeowners to rent out granny flats to non-family members as long as they follow certain rules.
There are many reasons why granny flats are becoming so popular. There is no need to purchase a new property. All you will need is additional free space on your property. Explore all the key reasons why so many people now build these structures.
Are granny flats a good idea?
More Affordable Senior Care Services
When seniors move into a granny flat, they are able to save a lot on their care costs because they are downsizing into a smaller home. Comparatively, in-home care can be quite expensive and traditional care services can be unaffordable for many seniors. These units also take less time to build.
Create Additional Living Space
Another reason people are adding granny flats to their properties is because of the additional living space it helps create. Many homeowners are using them as:
- Home office
- Additional storage space
- Playroom for children
- Guest room
These units work as good options for those who want to create more habitable rooms on their property.
There is a lot of difference in terms of privacy between in-home care for seniors and opting for a granny flat. The latter provides a lot of privacy. These units are built away from your house and provide you and the senior with the desired privacy.
Is a granny flat an investment property?
Another big reason more homeowners are building a Granny flat Sydney is that it serves as an excellent long-term investment. These units are small but they are comfortable and can help generate rental income. Besides, the units can also increase your property’s value.
If certain changes take place in your life and you no longer need a big house to live in, you can consider moving into your granny flat. This can allow you to rent out your house.
Keep Your Seniors Near & Safe
When a senior grows older, they can become a threat to themselves. Seniors living alone can develop mental problems, feel isolated, and create serious concerns for you. They are also at greater risk of falls and other physical injuries.
When you invest in a granny flat, you will be creating a setting for your loved one to live close to you. Not only will they be safer, but your children will find it easier to see their grandparents. You will not have to travel far for the holidays.
- Seniors Can Feel More Independent
Many seniors prefer maintaining their independence for as long as they can. This is often challenging for everyone in the family. Many elderly family members are greatly concerned about becoming a burden on their loved ones. When you build a granny flat, you will allow your loved ones to live more independently while still feeling to be a part of the family.
Thus, there are many reasons why granny flat builders are in great demand. If you are considering the design and construction of customized granny flats on your property, feel free to get in touch with us at 5 Star Granny Flats. Reach out to us at 1300 843 921.