As the dynamic of families continue to evolve, alternative solutions for living arrangements are becoming increasingly popular. Families are now considering alternative solutions to traditional nursing homes, where older parents are still able to be involved with their family, and cared for in a more caring manner. A Granny Flat is a cost effective option compared to the initial and ongoing costs of a placing them in a Nursing Home.
As housing becomes harder to obtain for the next generation, young people are increasingly leaving home when they are older. Whether it’s teenagers that require their own independent living space, or young adults that are saving for their own property one day, a Granny Flat can meet these needs.
A Granny Flat can then be converted to an Income Generating Property Investment once a family’s needs have been met and their circumstances change.