Granny flats are small flats that are typically built on an existing residential home’s property. There are many benefits of granny flats Australia residents should know about. A few of the top ones are:

Keep your Family Close By

As the name implies, these flats are typically used for older relatives. However, you can move in any family member into a granny flats Australia. In turn, you’ll be able to keep your family nearby and keep an eye on them or spend more time with them. Furthermore, if your family member is elderly and they want to maintain a level of independence, then a flat allows them to do that.

Can Be Customised

Maybe you don’t want to have someone living in the flat, and that’s fine. However, you should still build a granny flat because it can be customised in many different ways. For example, do you want to have an office at-home, but away from the actually house you live in? How about an artist or music studio? Maybe a place that is filled with stuff to keep you entertained sounds like a good idea. Whatever the case is, you can create a flat that will serve your purpose.

Use As Rental Property

Granny flats are great investments if you want to receive rental income. Once you have a flat built, you can rent it out to those needing a place to stay, such as older singles or couples that want a small place. These are only a few examples of the types of tenants you’ll likely attract for this type of flat. Regardless you’ll collect a good amount of rental income for years to come. All you have to do is build a quality flat and you’re good to go.

Add Value To Property

Finally, this kind of flat can add a tremendous amount of value to your property. When the time comes to sell your home, you should be able to get top dollar for it. These days, people want a granny flat on the property they’re thinking of buying. Bear in mind there are several factors that determine how much value a flat will add to the property. Generally speaking, it is a lot.

Do you want to keep your family nearby or do you want to receive rental income? Do you want to customise a flat and have somewhere to go to unwind? If so, then you should have a granny flat built in the near future.