If you have the space it might be a good idea to build a granny flat in your backyard. There are a lot of benefits to it and it can be a great thing. Think about all the different things you could do with it.
When you build a granny flat you will raise your property value which will be a good thing. If you ever do sell your home then you will get more money for it. It is always a good idea to find ways to raise your property values.
Another reason for it would be to have the extra guest space. When you have people come and visit, they can stay there. You can have family come for extended periods of time and they will have their own space. This will be great for everyone.
The next reason to build one is so you can rent it out and earn money from it. Not only will you be able to raise your property value but you will be earning extra money in rent. You do have to keep in mind how much it costs you to build it and make that a factor when it comes time to figure out how much to charge for living there.
Turning part of your property into an investment property isn’t for everyone. You will have another person or family living right by you. You won’t have as much privacy and it might make you feel a little strange.
On the other hand it can be a really good thing. You might make friends with your renters and they could become your best friends. It just depends on your personality and how your dynamic is going to be.
The first step in figuring out if a granny flat will work for you is by going over plans and talking to a local granny flat builder builder Elite Portables about it. This way you can figure out how much it will cost to build what you want to build. It will also let you know how long it will take. That is something you want to think about as well.
After you have sat down with the builder and made plans, you need to be aware of what will happen during the building process. You want to prepare yourself, your home and your family for what is to come. There will be people in your yard building something and everyone needs to be aware of how that will go.
Once it is done you will be so glad you decided to go for it. You can walk through it and start to make plans for how you will decorate it. You can also decide if you want to rent it out furnished or not.
There is a lot to think about if you do decide to go with a granny flat. There are positives to it but it might not be the best thing for everyone. Take some time to figure it all out.