Even if you are living alone or it is just you and your spouse, there are chances you still may be struggling to make ends meet . If you are thinking of downsizing to manage your bills better, then you should consider Sydney granny flat as a source of additional income. To get more information, read the article till the end.

What Is A Granny Flat?

Granny flat is a term for accessory dwelling units (ADU). You may know them as a small HOME, guest HOUSES, tiny homes or mother-in-law quarters. They are small flats that are built on a property that someone already owns. They have their own entrances for kitchen, bedrooms, and bathrooms.

This means that you can live independently in a granny flat without interacting with the landowners or granny flat owners. But this is really only in certain types of granny flats.

There are three types of granny flats in-home, home extension and detached. The most common is the detached type as you can get the most privacy, since you don't share any walls with the main property. This is the one in which you can get away with no interaction with the people who live in the main house.

Features Of Granny Flats

The features of granny flat vary depending on the type you choose.

In-home Granny Flat

This is the easiest type to construct since the only construction to be done is on the existing house. You make the space for granny flat completely inaccessible by people in the main area, except through the separate door made for the flat. This means you have to drywall part of your home to create private space for the granny flat. You need to put a door in if the granny flat won't be accessible without one.

Home - Extension Granny Flat

This is where you would build upon your existing home. This would generally be building additional floors for the whole granny flat. It will be on a higher floor, you also have to construct a separate stairway so that the inhabitants can get up to the dwelling, without having to go through your home.

Detached Granny Flat

It is the most popular type, as it gives you a complete separate living space from the main house. There are no adjoining walls, you will get complete privacy in a detached granny flat.

Benefits Of Living In The Granny Flat

Now you know what granny flats are, we can move on to the benefits of living in a granny flat. The majority of benefits apply to detached granny flats.

Get Privacy - when your kids are growing up and enrolling in university, they have chosen one that's nearby, so they want to stay at home to save on cost. Having so many adults in one space, it may feel claustrophobic, and you and your spouse finally needs your alone time after raising your children. A great solution to this is to build a granny flat and have your University aged child live in it. This way everyone gets the privacy they want.

Reduce Your Bills

When you live in a small space, you don't use up much energy. Your utility bills will be much lower and you won't have to spend as much time doing chores.

Now when you know what granny flats are, their features and benefits, you may be attracted to live in this type of dwelling. Granny flat is an excellent investment, so if you can secure financing for purchasing a granny flat, you should do so as it will be the wisest financial decisions you make.