Granny Flat Designs

As of the first August 2013 due to changes in legislation you can rent out a classic granny flat to assist you with additional income. So what does that mean to you? Let’s say you have teenage kids who need their own space. Well build a classic granny flat for them then when they move out put tenants in and increase your income to assist paying out your mortgage or even your retirement fund.

With the change in legislation many smart home owners who were previously hesitant about building a granny flat due to the short term needs are now taking positive steps knowing the space can be used as additional income once its initial use is fulfilled. Alternatively let mum or dad sell their home to fund a classic granny flat in your back yard so they can enjoy independence while gaining your assistance and support as age or health issues catch up with them as well as giving them additional funds to enjoy their retirement.