Posted May 14, 2022 in Blog

Why are granny flats becoming so popular?

Why are granny flats becoming so popular?

There are plenty of reasons for the granny flat’s popularity, and it’s not just because they’re a great way to house grandparents. With housing costs rising and families getting larger, more people turn to granny flats as an affordable option.

The term “granny flat” is often used to describe a self-contained living space typically attached to the main house. The granny flat can be used as a rental property, for guests, or even for aging family members who desire more independence but still want to live close by.

What Is a Granny Flat?

A granny flat is a small, self-contained living unit typically attached to the main house. They are sometimes called “in-law suites” or “second units.” Granny flats can be used as a secondary dwelling, guest quarters, home office, or rental unit.

Granny flats typically have their separate entrance, kitchen, bathroom, and living area. Some may also have their laundry facilities. Depending on the size and layout of the unit, granny flats can accommodate one or two people.

Granny flats are a popular housing option for seniors who wish to downsize or live closer to family members. They can also be a cost-effective way to add additional living space to a property.

Why You Should Build a Granny Flat

One of the best things about granny flats is that they can provide a great source of extra income. If you have an unused room in your house, why not put it to good use and rent it out? With the rising living costs, many people struggle to make ends meet. Renting out a granny flat can help to ease the financial burden.

Granny flats can provide extra income, but they can also be a great way to house elderly relatives or friends in need. A granny flat can be the perfect solution if you have an elderly relative who needs somewhere to live. It provides them with their own space and independence while still close to family.

Granny flats can also be an excellent solution for young adults looking for their first place to live. They offer a more affordable option than renting an apartment, and they provide the independence that many young adults crave.

Why are granny flats becoming very popular?

If you’re considering adding a granny flat to your property, Here are some of the reasons why granny flats are gaining popularity:

Lower Costs for Senior Care Services:

One of the reasons the granny flat grows up is the lower costs for senior care services. In-home care can be pretty expensive, and many seniors simply cannot afford to keep up with the cost of traditional care services. By downsizing into a smaller home, seniors can save significant money on their care costs.

Long-term investment:

One of the key reasons more people are now interested in granny flats is that they offer an excellent long-term investment. By adding a granny flat to your property, you can potentially increase the value of your home. This makes financial sense, but it also means that you will have a valuable asset to sell or rent out in the future.

One of the main reasons the granny flat grows up is such a popular long-term investment is that it is a very versatile type of property. It can be used as a primary residence, a second home, or even an investment property. This means that it can be adapted to suit the needs of any investor.

Ideal for elderly relatives:

The granny flat has often been seen as the ideal solution for accommodating elderly relatives. It provides them with a sense of independence while still being close enough to support them when needed. As people live longer and healthier lives, this is becoming an increasingly popular option.

Affordable first homes:

One of the main reasons granny flats are becoming increasingly popular is that they offer an affordable option for first home buyers. A granny flat can be built on your property for a fraction of the cost of a traditional home, making it an excellent option for those trying to get into the housing market like your adult children.

Extra living space:

Granny flats also offer extra living space that can be used for various purposes. They can be used as a home office, guest room, playroom for the kids, or even extra storage space. This makes them an excellent option for those who need more room than their traditional home offers.

Privacy:

Granny flats also offer a great deal of privacy. If you have an older family member living with you or just want more privacy for yourself, a granny flat can provide the perfect solution. They can be built away from the main house, giving you the privacy you desire.

Low maintenance:

Another key selling point of granny flats is that they are generally much easier to maintain than a traditional home. This is especially important for elderly residents who may not be able to keep their homes as they age physically.

Your Elderly Family Members Can Keep Their Independence:

Many seniors want to maintain their independence for as long as possible. If they move in with you, they might feel like they’re becoming a burden. With a granny flat, they can have their own space and still feel like they’re contributing to the family.

You Can Keep Your Senior Relatives Safe:

If your primary concern is keeping your elderly relatives safe, then a granny flat can be the ideal solution. It allows them to live independently while still close enough for you to keep an eye on them. If they need any help, you can be there in minutes.
It’s Easier for Kids to See Their Grandparents

Adds value to your property:

A granny flat can also add significant value to your property. If you’re looking to sell in the future or simply want to increase the value of your home, a granny flat is a great option. It can provide you with a desirable rental income stream and increase the resale value of your home.

Build a Granny Flat with King Homes NSW

We build granny flats along with our new home builds. Check out our standard Gemini design or get in touch to discuss more.

Additional Read – Questions to consider before selecting a Builder