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Benefits of Expandable Granny Flats Australia.
Granny flats have become increasingly popular since the Australian Government amended the laws in 2009, allowing homeowners to build a second dwelling on their property. However, with the rise of expanding families, increased demand for rental properties, and the desire for more space, many homeowners are opting for expandable granny flats. In this article, we look at the benefits of expandable granny flats in Australia.
Increased living space.
The primary purpose of an expandable granny flat is to provide additional living space. The beauty of this design is that it can be customized to meet the needs of the homeowner. The expandable granny flat can be used as an additional bedroom, bathroom, kitchen, or living space. This accommodation can also be used as a home office, music or art studio, gym, or library.
Cost-effective.
The construction of an expandable granny flat is far more cost-effective than building a new home. Homeowners can maximize their existing space by adding onto their current home with a granny flat. The additional space adds value to the property and can offer a source of rental income. The cost of constructing an expandable granny flat varies, depending on the size and materials used. The price range often starts at $50,000 up to $150,000.
Flexible and adaptable.
The advantage of an expandable granny flat is that it is flexible and adaptable to suit the needs of homeowners. The flat can be extended and changed as needed, as families grow or change in their living situations. The flat can also be converted into a separate living space, a guesthouse, or a home office. This flexibility adds value to the property and offers homeowners a sense of freedom and creativity.
Increased privacy.
One of the most significant benefits of an expandable granny flat is the increased privacy it offers. Traditionally, people built granny flats, so their elderly parents could live close to them. However, with the expansion of families, it is not uncommon to see teenagers, young adults, and even friends living in granny flats. The added privacy benefits both parties, as the occupants have their own space and are not living under the same roof as the homeowners.
A source of passive income.
Homeowners can increase their passive income by using an expandable granny flat as a rental property. Many homeowners are choosing to rent out their granny flat on platforms such as Airbnb or long-term leases. The money earned from renting out the flat can subsidize mortgage payments, property taxes, or other expenses.
In conclusion, an expandable granny flat in Australia provides many benefits to homeowners. With its flexibility, cost-effectiveness, and potential for rental income, it is no wonder more people are opting for this type of accommodation. Whether you need an additional bedroom, living space, rental property, or an office, an expandable granny flat is an excellent choice for anyone looking for additional space on their property.
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