You’ve probably heard of the recent “she-shed” craze. These are often temporary buildings built for hobbies or extra sitting room. If you’re looking for something that’s a step-up from a she-shed, a granny flat may be the perfect solution.
What is a granny flat? A granny flat is an independent living space that’s separated from the main home, but still on the same property. Generally, these will include everything needed to live — bedroom, bathroom, kitchen — but in a smaller footprint.
Keep reading to discover the top reasons that homeowners build a granny flat on their property.
1. House an Aging Parent
These buildings are called granny units because traditionally they house aging family members.
Most people reach an age where they need a little extra help to live on a daily basis but don’t need the level of care that a retirement home provides. When this is the case, many families chose to allow the elderly family member to move in with them, also known as aging in place.
Building a granny flat ensures that your family still has the level of privacy and personal space that everyone is used to. With your loved one living on the property, you can check in on them often and help as needed. It’s a win-win for everyone involved.
2. Add a Rental Revenue Stream
When it comes to the top granny flat benefits, the opportunity to use it as a revenue stream tops the list.
Granny flats are great options for short term rentals, such as Airbnb. Since the building is on your property, you’ll be able to take care of it easier than if the property was located somewhere else.
You could also consider renting out the unit as an apartment. While you might earn less money this way, your tenant will sign a contract which will basically guarantee your income.
3. Increase the Value of Your Property
Another reason you may consider building a granny pod is to increase the value of your property.
If you want to sell your home in a competitive market, you want something to set your property apart from others. Having a granny flat on your property adds a living area to your home, which is almost guaranteed to increase the price you list your home for.
If you’re interested in increasing your property value, finding reliable granny flat builders is key. Skip the DIY project and let the professional build the unit so the building is up-to-code and attractive to potential buyers.
Start Building Your Own Granny Flat Today
Know that you know more about why someone would build a granny flat on their property, you’ve probably decided to build your own. Whether you wish to house aging family members, add a rental revenue stream, or increase the value of your property, a granny flat is a perfect solution.
Once you’ve decided on your building plan, you can focus on furnishing and decorating its interior. Bookmark our architecture section for inspiriting content to guide you on your journey.