5 Perks of a Granny Flat for Your Family
A granny flat is an accessory dwelling unit on your property, usually in your backyard or under the same roof in a dual occupancy arrangement. Granny flats are becoming more and more popular with the rise of multi-generational living in New South Wales and they are a very smart property investment. A few key advantages of having a granny flat attached to your property or on your property include: it is a safe space for grandparents or other family members to stay or live, it offers additional privacy and security for the property, it maintains independence and fosters family connection, it saves on property upkeep and land tax costs, it can be a potential income opportunity and it is a practical, multi-use space for any family home.
A Safe Space for Family
Granny flats offer a safe and private space for family members to stay and live. Multi-generational living is becoming a popular move here in Australia, because it not only saves money and makes owning your own home more affordable but it also brings the family closer together. Whether you’re looking into granny flats in Sydney for your grandparents to live in or for your older kids to stay in while they save for their own house, this space is both private and safe.
Additional Privacy & Security
Modern granny flats offer additional privacy and security for the home because they are fully functional living spaces with their own separate access. It also offers more room for somebody to be home more often, which decreases the risk of home invasion and theft. Modern granny flats are also completely private and offer your family members or guests total privacy when living with you or coming to stay.
Maintaining Independence
Granny flats in NSW maintain the independence of the older or the younger generation coming to live in the house with you. Maybe you’re looking after your ageing parents or maybe you’re offering a private space for your children to live in while they save for their own house. Whatever the case may be, your family can maintain their independence and save money with granny flats in NSW home builds.
Saves on Property Upkeep & Tax Costs
Granny flats actually save money on tax costs! As well as saving money on property upkeep, with an extra family unit in the home, you could also save on tax. Instead of having two houses for your family, keep it all under one roof. With our new home design Soria, the granny flat is actually under the same roof instead of in the backyard. If the cost of your granny flat is more than your income, you could claim the loan interest and ongoing expenses (like maintenance and insurance) as tax deductions.
Creates a Practical, Multi-Use Space
Even if multi-generational living is not your goal, a modern granny flat creates a practical and multi-use space. If you’re wondering what to do with your granny flat once the kids move out, why not turn it into a pool house or an extra accomodation space for family and guests? You could also consider renting it out as an Airbnb or as two separate living quarters when you are on holiday. With granny flats in Sydney by McDonald Jones, the possibilities are endless.
Find out more about available granny flat home designs at McDonald Jones Homes today.