Whether you’re a young couple looking for a new quiet place, an investor looking for a hot property to invest in, or a bustling family, there are many designs to fit your every granny flats need.
It’s understandable to feel overwhelmed seeing various granny flat designs. You’ll need to do everything you can to optimise your space in the best way possible.
This article will explain everything you need to know before getting started on your granny flat design.
Granny Flats
Those who are entirely new to the concept of granny flat might be wondering what these are. A granny flat is an extension space on your property. As the name suggests, they were initially built for the elderly population. However, as time passed, people found many uses for granny flats.
About 67% of the Australian population is a homeowner. Most of them can get countless possibilities from building a granny flat. These possibilities include a work-from-home office, game room, pool house, or guest house.
If you’re not looking to live in it, building a granny flat can still increase the value of your property considerably.
Want to build a granny flat? Here are a few pointers to consider before building a granny flat.
1. Budget
The first and foremost thing you should be considering is what your budget would be. There are different granny flat designs for every budget. The features in your flat will vary according to what you can afford. Some variations include the material used for the interior and exterior, overall design, and hiring team.
2. Structuring Your Granny Flat
Once you’ve decided on your budget, you can start ahead with structuring your flat. If you plan on hiring a team for this process, they will give you a few templates. However, this may not be the best option for you.
If you have a particular need that requires some special attention, you’ll want to customise your floor plan accordingly. Discuss with your team to get an opinion of the best-optimised floor plan for your particular flat.
3. Local Restrictions
Specific companies can help you research the restrictions imposed on your local building. This process is very crucial. Individuals don’t usually know the limits. However, if you disregard this step, you’ll be in a predicament later.
In some cases, people have spent millions and millions of dollars on granny flats only to realise that it bypasses the limitations imposed, such as the size of the flat. The flat might have to get torn down, wasting all your efforts. Simply ask your local council about the restrictions and whatnots to avoid this situation affecting you later.
4. Avoid Overcapitalisation
Other than offering you extra space for your home, granny flats can be a great investment as well. There’s a great potential in them if you’re looking for a second income. However, it’s important to slow down and avoid overcapitalisation. Don’t invest too much!
Final Words
As you can see, building a granny flat isn’t just a piece of cake! There’s much thought that goes into planning and executing it. Once you have done the planning part of the process, it’s time to build.
This can be one of the most exciting parts because you finally get to see your hard work come into play. Make sure you make the most out of your design.
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