Investing in a home means a great deal. It is a long term investment and will be your place of residence for many years. In the present day, many potential buyers tend to have a list of items they look for in a home. In the midst of a good backyard, a spacious living room, a well-maintained kitchen, they look for a granny flat. Having such a space can bring many benefits. To help you understand why such an area is important we have put together the great benefits that you can gain by building a granny flat or by buying a home with a granny flat.
Take care of your elderly family member/s
The most obvious and the key reason why many people tend to have a granny flat is to accommodate an elderly member of the family. Such a flat will allow them to live close to you where you can take care of them, cater to their needs and look after them. If you have a family of your own you might understand the need for privacy and independence. Elderly members tend to look for a space which is calm, peaceful, private and relaxing. A granny flat built by trusted and well qualified builders will bring exactly that. Both your family and the elderly member/s will be able to live in peace.
Whether you have a granny or not is no reason to not build a granny flat. These granny flats Penrith can be used for other purposes like rental purposes. This means that you can use this extra space to earn an extra income. If you find yet another member/members occupying your granny flat to be a disturbance you can still use it for various other renting purposes like storage rentals and so. Such uses of a granny flat can definitely rise up your monthly/annual income.
A granny flat can add more value to your simple home. If an investor were to pick between a house with a granny flat and a house without one, there is a high probability of him/her choosing the former. This means that you can resell or rent out your home for a much greater price if your house comes with a granny flat. Though this looks like an extra space to you it is actually a probable profitable rental space.A granny flat has so many benefits. It is definitely a good idea to buy a house with one or build one.