Home & Lifestyle Summer 2019

S E L F CON TA INED L I V ING OP T I ONS

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F or home owners with the space, building a granny flat in the backyard can be a shrewd investment – delivering rental income and boosting a property’s value. The humble granny flat is traditionally seen as a way to add more space to your home. Maybe you’ve got a moody teenager who wants more space (while still enjoying the perks of living at home) or maybe your elderly mum or dad is looking for somewhere to live that’s close to the grandkids. If you want to build a granny flat, you don’t need a huge block of land. Depending on the design you select, this type of additional looks like it has always been there! It won’t look like an add-on, because it will be a high quality build that will lift the look and feel of your existing home. With more and more Aussies preferring to renovate rather than move, current granny flat designs might be the perfect solution to your lifestyle problems. It will also increase the value of your home, since you have all that additional living space. You can earn a significant amount of money from renting your granny flat to students, professionals, even families all of whom want affordable, modern accommodation. Benefits of building a granny flat for homeowners and investors accommodation is also suitable for running a home business, or generating a rental income; they have become extremely popular over the past few years with homeowners and investors. Since your granny flat will be built on your land and it will still have the same address as your main home, you don’t need to subdivide your land. This is great news for homeowners who don’t want to be troubledwith subdivision problems, particularly since some councils won’t let you subdivide. Designs can be customised to match your existing home’s external décor so that it

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& Lifestyle Magazine | Summer 2019

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