🏠 What are the Benefits of Having a Granny Flat in Your Home?

Potential homeowners consider purchasing a home with a granny flat for a host of purposes. Although the most common reason for having a granny flat in one’s home is to accommodate an elderly parent, there are a lot more reasons why it is great to have this living space in your home. 

Lets You Take Care of Your Elderly Family Member While Giving Them Privacy

The most common benefit of a granny flat is that it allows you to move your elderly parents close to you so you can take care of them even when you already have a family of your own. With a granny flat, you are able to look after your elderly parent or family member while giving them the privacy and independence that they need.

Gives You Extra Income

Just because you do not have a granny to take care of doesn’t mean that your granny flat is useless. If your home has a granny flat but you do not have an elderly family member to occupy it, you can still use the space as a rental property. Since nobody is staying in the flat, you can use it as a source of additional monthly income by renting it out. The extra income you get from it can help you pay your mortgage faster.

Adds Value to Your Home

If an investor has to choose between a property with a granny flat and a property without one, he is more likely to choose the first. Family members living in a house with a granny flat may simply see this living space as an extra room, but in the eyes of an investor, a granny flat is more than just that. In fact, investors are more likely to spend more on San Diego homes for sale with granny flats than those without. If you are a homeowner, you can also sell your property for more considering that it’s not just a house that you are selling but a house with a potentially profitable rental property.