Improve Property Values With Granny Flat

Home owners finding it increasingly difficult to make ends meet, or add value to their property, should consider “out of the box” solutions like a creative, innovative and modern granny flat.

According to Paul Taylor, Principal from Taylor’s First National Real Estate granny flats offer a win/win solution for home owners and those seeking more affordable housing options that better suit their lifestyles.

“The current challenging economic environment, coupled with increased living costs is driving demand for more affordable housing options,” Paul said.

“For home owners it may be a case of looking for ways to create living space on their property to save moving to a larger one, or as a means of generating additional income by renting it out.”

Granny flats also offer an ideal alternative for people of all ages and cultures seeking different housing options, whether that’s separate accommodation for older family members, or young adults or teenagers seeking independence.

“Granny flats allow for private, practical and affordable living while enjoying the priceless security and companionship of living close to the family,” Paul said.

“For an older family member, or young adult, it enables them to gain or maintain their freedom and independence.

“For a young couple struggling to save for a home deposit, granny flats provide flexible, affordable and convenient living.

“On the other hand, if the flat is for the purpose of creating more living area or breathing space for families, it might become a garden studio, additional bedroom, or be used as a study, workshop, office or private retreat.”

When considering a granny flat conversion, the important thing to remember is to do it well, and in sympathy with the house and surrounding garden.

“The best approach is to treat it as you would any building project and make sure your designs have the right mix of function and form,” Paul said.

“You also need to ensure you meet all the necessary regulations and obtain any relevant permits.”

Space above garages are ideal places for building separate living quarters, or think about converting an existing unused garden shed.

Exciting, modern, creative and affordable housing choices can be created in the form of an enhanced granny flat.  At the same time, granny flats have the potential to add tens of thousands of dollars to the value of a property.