Is the timing ripe for you to invest in that dream home you
have been fantasising of all your life? Godspeed, and good luck, but how much
thought have you put into it, finance-wise? Homeowners today are coming up with
unconventional means to ensure their homes yield high value for money. Having
the home builders add a ‘granny
flat’ to the design when you build your dream home is one such smart plan which
can also help you pay off the mortgage or principal investment.
A granny flat is like an independently configured extension
of your home that specially caters to the elderly. There are several reasons
why a granny flat can be a brilliant addition to your home planning:
i. Money Saver
Who among us does not want to build a dream home for their
parents? Putting a roof over your aged parents is excellent. But constructing
an independent granny flat is a costly affair. Surprisingly, you can have a
granny flat built into your home for one-tenth of the same price!
Instead of building a second storey or a swimming pool, why
not construct a fully functional granny flat so your ageing parent(s) can move
into it and stay close to you.
ii. Convenience
For some families, a granny flat is a necessity. For some,
they do not have the option to wait and build finances before their parents
grow old. It can be a monumental financial challenge to have a granny flat built independently.
Figuring out logistics, permits, managing the home builders, etc. can be a nightmare
because an independent granny flat provides very little site-space. So, it is a
better idea to build a granny flat into your current home plan, rather than
build it later independently.
iii. Investment return
There is a significant demand in Sydney and other Australian
cities for a well-designed, functional granny flat. Most senior citizens have
to sadly pay exorbitant amounts of money to avail a practically designed granny
flat. So, if you ask the builders to build a granny flat when you build
your dream home in Sydney, you can enjoy excellent rentals that offer
returns on your principal investment. Also, you will be doing a senior person
an excellent service.
Thus, including a ‘granny flat’ in the design
when you build your dream home in Sydney
can prove beneficial for you in more ways than one.
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