The Potential Benefits of Owning a Granny Flat Kit

So, you have decided to finally purchase the best granny flat kits but wondering whether these will benefit you in the long run and whether they will prove valuable or not. Innovation is always received with loads of doubt and skepticism; however, we are here to remove much of your doubts and give you a clearer picture of the potential advantages of owning and building a granny flat.

Here is what you need to know:

• Receive Extra Income through Rent

Do you about the number one reason why more and more people are investing in granny flat kits? The answer is that they see the flats as a business opportunity to make some side money. That said, ideally, you should be erecting a granny flat kit at the lowest price possible.

Once you have done this – depending on your location and presentation, you can earn up to a 3% rental return. The best thing is that you are in control here and decide when you want to rent it out and when you want to use it for personal use.

You can also set up the granny flat kit as an Airbnb; however, you will also be required to put in some additional maintenance work, such as cleaning and preserving the landscape. Renting out your granny flat kit might require more maintenance; however, you can save loads of money in the long run with a regular maintenance schedule.

• Cheaper Housing

Another potential benefit of owning a granny flat kit is that it doesn’t cost much if you compare the costs with a typical single-family house. In this way, you can become a homeowner for a fraction of the cost. Suppose you opt for a granny flat kit with a single bedroom – the total costs will be no more than $100,000.

Some extra costs will include the following:

• Electrical work costs
• Landscaping costs
• Metering system costs
• Council fees

Despite that, it is still possible to build a granny flat kit for less than what you can expect from the potential costs of owning a single-bedroom house. Housing has been made significantly easier with the innovation of granny flat kits.

Safe Dwelling Place

Having a granny flat kit near your property will keep it safe and secure from potential burglars and the street. Did you know that granny flat kits have risen in demand and popularity in response to the work-from-home orders that many people had to follow due to the pandemic?

By owning a granny flat kit, you will have a safe dwelling space while still on a property. If you need a workspace to relax and fully focus on your work, you will find the granny flat kit a very useful option. Besides, this will be an additional property that no one can take away from you.

For an additional layer of safety, you might want to consider making it look as if someone is home all the time by keeping different lights on. Also, when you are not around, you might want to ask the neighbors to keep an eye on your property.