should you add a granny flat to your forever home?

A granny flat is a popular addition to homes. Some choose to add a granny flat to their home directly with an extension, a loft or basement conversion, or by changing the function of an existing space, such as the garage. 

Others prefer to add a separate structure, like those at Elpor to the outside of their homes, which can work especially well if you’ve got a large or very long garden. While the name suggests that granny is going to move in, this isn’t always the case. While that might be the short term aim or something that you are preparing for in the future, a granny flat has more uses and more benefits. You might even have one installed with no granny in the picture. Let’s take a look at some of the reasons why you should consider adding a granny flat to your home.

IT’S CHEAPER THAN SOCIAL CARE

The population of many developed countries is getting older. People are living longer, thanks to advancements in healthcare and health education. But, the quality of social care for our elderly isn’t improving. People are living for decades after retirement, and as a society, we don’t know what to do with them. 

High-quality care for the elderly can be very expensive, and many people are forced to give up their homes to pay for it. Wouldn’t you rather keep parents and other older relatives nearby? 

Even if your parents are still young and able to live alone, think of the future. When the time comes, do you want them to be alone, scared, and worried about spending your inheritance on care? Building a granny flat is cheaper, and gives you a way to take care of your own family.

GRANDPARENTS ARE AN IMPORTANT PART OF THE FAMILY

Finance and care aren’t the only reasons to keep grandparents nearby. They are an essential part of your family, and studies show that families are happier when children spend more time with their grandparents and other members of the extended family. A granny flat gives you the chance to spend more time together. 

THE OPTION OF RENTAL INCOME

While you are waiting for your parents to age, or in the very distant future, when they have passed on, your granny flat can have other uses. You could rent it out to make some extra income, so it could pay for itself relatively quickly. 

GIVE YOUR TEENS SOME SPACE

Many granny flats are at some point used as teen flats. Give your teenage children space away from the house to entertain friends and explore their independence. Older children might choose to live at home for longer if they’ve got their own space. 

INCREASED PRODUCTIVITY

You might also want to use your granny flat as an office or workspace. Many people find that they work more productively away from the distractions of family life. 

INCREASE THE VALUE OF YOUR PROPERTY

See your granny flat as an investment. It might be an expense now, but in time it will increase the value of your home. 

 

 

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You may also enjoy these articles: investments worth making in your forever home +  money well spent. home improvements that pay

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