Advantages & Uses of Your New Granny Flat
A granny flat is a compact living solution built on your own property or investment property. It can be completely separate, attached to the main house, a garage conversion or a part of your home converted to a granny flat. Here are some of the best and most common reasons people choose to build a granny flat:
Keep your family close
A Granny Flat can provide additional accommodation for extended family, teenagers or elderly parents. With the demand for accommodation options for the elderly at an all-time high, let the experts guide you through the process of creating the ideal home for your loved one. Our flexible designs will allow you to keep your family close, and empowers them to maintain their independence.
At Bungalow Homes we can adapt our designs and fixtures to accommodate the individual needs of every client with special consideration for the elderly and disabled where required.
Dazzle your guests
Struggling to find space in your home for your extended family and friends when they come to stay? Let us help you create a dream experience for your guests in your new granny flat.
Custom-made for creativity
Your new granny flat is the perfect spot to get your creative juices flowing with your very ownartist’s space or music studio.
Work from home
Sick of the daily commute? Why not save travel time and money with a Home Office in your backyard.
Earn rental income
Always loved your home and location? Let others love it too! Supplement your income through renting out your granny flat to tenants, or rent out your main house by moving into your granny flat. Our figures show that not only will you add serious capital value to your property but could pay off the investment in your Granny Flat within 5-7 years.
Maximise your earning potential
Maximise your earning potential on your investment property by adding an additional dwelling to your investment property. Two rents can turn your negatively geared property into a cashflow, positively geared investment. At Bungalow homes we are passionate about property investing ourselves and know exactly how to maximise your return without over capitalising.
Increase the Value of your Property
By adding a second house to your property you can increase the value of your property by 20-25%. (See our case studies for examples of how well some of our previous client’s investments have performed). Link to blog case studies
Compared to a stand-alone investment property, a granny flat has very minimal ongoing running costs:
- There may be a small mortgage payment, a small increase to your building insurance, and the occasional maintenance item.
- We install water and electricity meters so these costs are paid for by your tenant.
- If you currently own the property there is no stamp duty or conveyancing costs to add to the equation.
- Your rates and land tax payments don’t change.
When compared to the cost of a single dwelling investment property, a granny flat is a smart investment.
Design your dream
With our Granny flat sizes ranging from 35m2-60m2, we give you the flexibility you need to design your dream studio or small house with 1, 2 or even 3 bedrooms. Customise your space with decks, verandahs, patios, sheds and garages. Choose from our innovative standard range of granny flats, or let us help you bring your dream to life with a custom-made design.