5 Reasons a Granny Flat is a Great Family Investment

If you find yourself longing for more living space yet hesitant to commit to a costly and time-consuming renovation journey, a granny flat could be the perfect solution.  As an affordable and cost-effective way to add functionality and value to your property, a granny flat provides comfortable self-contained accommodation for older children, ageing parents and visiting friends and family. With the option of building a detached granny flat in your backyard or selecting a brand new dual living home design, there’s a solution for all needs and budgets.

Here are 5 reasons why a granny flat from Everyday Homes could be one of the best family investments you ever make.

Comfortable Self-Contained Living for your Family

As a self-contained dwelling with all the features of a full-sized home, granny flats provide comfortable and secure living for 1-2 individuals. With many families realising the benefits of multi-generational living, demand for granny flats continues to grow. Whether you’re looking to help your adult children save for a house deposit or accommodate elderly parents, an Everyday Homes granny flat provides peace of mind, safety and security for property owners and occupants alike.

Maintain Independence and Reduce Cost of Living

Granny flats allow the elderly or older children to maintain a sense of independence whilst living in close proximity to family. This can help to strengthen family bonds and ensure that elders remain independent for longer. With low rental availabilities and rapidly increasing rents, building a granny flat can also strengthen the financial position of your friends and family by enabling them to reduce their cost of living.

A Positive Geared Investment

For many people, granny flats in NSW can be a lucrative income stream which can turn their negatively geared property into a positively geared one. Sydney granny flats are popular rental options for travellers and long-term tenants alike, thanks to their affordability and convenient locations. You can choose to offer your granny flat for rent on platforms such as Airbnb, through local real estate agencies or privately. You may even choose to live in your granny flat whilst renting out your main home. You may also be eligible for tax depreciation entitlements, which can reduce your taxable income. If you are looking for an affordable investment option with potential for excellent returns, a granny flat is well worth considering. 

Improved Security 

Having a self-contained granny flat or dual living home can improve the privacy and security of your home. Each dwelling is separately accessible, and as granny flats offer independent living, someone will be home most of the time. The presence of people and obvious signs of habitation are an effective deterrent to thieves.

A Long Term Multi-Functional Space

As your lifestyle changes, so can the ways you use your granny flat. If you do not intend to use your granny flat for multi-generational living, you could use it as a games room, home office, teenage retreat or keep it available to accommodate unexpected guests. Planning the trip of a lifetime? Rent out your granny flat whilst you are away to help fund your travels. The possibilities are endless, and it doesn’t take long to realise the value that a fully equipped granny flat can offer to your family both immediately and later down the line.

Everyday Homes Granny Flats and Dual Living – Discover the Range Today

Everyday Homes are a 100% Australian owned company with more than 40 years’ experience designing and building granny flats and dual living homes in Sydney. We understand that modern lifestyles need modern homes, and building a granny flat could be one of the best investments you ever make. Whether you’re looking for a lucrative investment or affordable accommodation for your family, we have a design to suit your needs and budget.

Call today on 1300 72 55 00 to speak with a member of our team.