More and more people are choosing to build a granny flat in Canberra as their secondary residence. There are many benefits to doing so, including extra income, more privacy, and the ability to age in place. Granny flats can be used for a variety of purposes, from an office or studio space to a guest room or home gym. If you’re considering building a granny flat in Canberra, here are some things to keep in mind.
1. Granny flats provide extra income
Building a granny flat can be a great way to earn some extra income. Granny flats can be used for a variety of purposes, from an office or studio space to a guest room or home gym. By renting out your granny flat, you can bring in some additional revenue each month. In ACT at the moment rents are very high and renters are crying out for affordable living spaces. This is the perfect time to build a wealth portfolio with a secondary residence/granny flat because many people want to live in luxury without the high price or multiple people surrounding them.
2. Granny flats provide more privacy
If you need some extra privacy, a granny flat is the perfect solution. With its own separate entrance, parking space and living space, you’ll be able to enjoy your own private oasis without having to leave home. A granny flat can also be the perfect place for guests or extended family members who need their own space.
3. Granny flats allow you to age in place
As we get older, it becomes increasingly important to have access to supportive housing that allows us to stay independent for as long as possible. A granny flat provides the perfect solution, as it can be easily adapted to accommodate changing needs over time. Whether you need a ramp or grab bars in the bathroom, a granny flat makes it easy to stay in your home as your needs change. Within the ACT secondary residence policy is specifically for aging in place and therefore with minimal changes must be full adaptable. For example our Pods have 920mm wide doors (wheelchair friendly), the main bathroom shower is 1200mm x 1200mm, we include bracing on the bathroom walls under the tiles for future possibility of adding grab rails, main shower low thresholds, the design has been signed off by a disability architect to ensure a wheelchair can easily flow through the pods and much more.
4. Granny flats are affordable and efficient
Unlike other forms of secondary housing, such as buying an additional property or moving into assisted living, building a granny flat is an affordable and practical option. Even with current prices and interest rates rising, it still makes for a great investment.
Not only will you be able to reduce your monthly housing costs by having a separate space for family members or guests, but you’ll also enjoy significant tax benefits from turning unused space on your property into income-generating rental space. And with their modern design and energy-efficient features, granny flats are also a great choice for those looking to minimize their environmental impact.
Whether you’re planning to build a granny flat to care for aging family members or as an investment property, this type of secondary housing offers many benefits. With its many advantages and flexible design options, it’s no wonder that more and more homeowners are choosing to add a granny flat to their properties. So if you’re considering adding a granny flat to your home, be sure to explore all the possibilities and find the right option for your needs.
Some of the key benefits of a granny flat include its modern design and energy-efficient features. In addition to being highly functional and comfortable, these secondary residences are also a great choice for those looking to minimise their environmental impact. And with so many different options available, there’s sure to be a style that will suit your needs and preferences perfectly.
Whether you’re looking for an additional living space for your family or simply want to earn some extra income by renting out your property, adding a granny flat is a surefire way to get the most out of your home. So if you’re ready to start exploring the possibilities, be sure to work with a reputable builder who can help you find the right option for your needs.
If you’re thinking of adding a granny flat to your property, The Pod Canberra can help. With over 40 years experience in design and 5 years in the building industry, we can help you find the perfect option for your needs and budget. Contact us today to find out more on 1300 THE POD (1300 843 763).