Granny Flat, Studio Apartment, Student Accommodation, Accessory Dwelling Unit, it has all types of names……

What the name is isn’t that important but who it might work for really is…..

A granny flat / studio apartment might suit if you ..

  • Have a teenager who might not be leaving your home…..
  • Expecting your parents returning to your family home…..
  • How about an increase in yield on your existing property…….

You have teenagers that you fear will never move out

It is surprisingly common for a teenager to still be under the family roof will into their 30’s
The era of moving out of home at 16 has long gone and with the rising costs of living we want to support our kids as they spend longer in education etc..
finding their way still supported by the family but with their own independence in a granny flat.  “Uncool”, Dad, call is a Studio Apartment.

The original granny flat when your parents are moving in, in their old age

So in their old age is is nice to be able to be close and supportive whilst still having some privacy and independence….

We know that the pets will be loved when we go on holidays etc….

Why not increase the yield on an existing property a granny flat can help

For many tenants a large yard is often underutilized and just a maintenance hassle….
When there is another independent dwelling you have:-

additional income

reduces property risk with better supervision

shared housekeeping responsibility

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3 tips for a new relatives apartment you may not know…

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