Home extensions and granny flat builds are experiencing a surge in popularity, according to multiple sources. This trend is fueled by factors like rising housing costs, a need for additional living space, and the potential to generate income through rental properties. Granny flats, in particular, are seen as a cost-effective way to accommodate family members, provide extra space, and enhance property value.
Here’s a more detailed look at why these builds are trending:
Granny Flats:
Cost-Effective Solution:
Granny flats are generally less expensive to build than major home extensions or buying a new property.
Versatile and Customisable:
They can be tailored to meet specific needs, such as accommodating aging parents, returning adult children, or providing a rental unit.
Property Value Enhancement:
Building a granny flat can add significant value to your property, making it more attractive to potential buyers or renters.
Increasing Demand:
The demand for granny flats is growing, with many homeowners recognizing their potential as a smart property investment.
Home Extensions:
Adding Living Space:
Extensions are a popular way to increase the usable square footage of a home, accommodating larger families or expanding living areas.
Enhancing Property Value:
Extensions can also significantly enhance the overall value of a property, making it more desirable to buyers.
Tailored to Needs:
Extensions can be designed to meet specific needs, such as creating a home office, adding a playroom, or improving the kitchen.
In summary:
Both home extensions and granny flats are attractive options for homeowners seeking to enhance their properties and accommodate changing needs, according to multiple sources. The choice between the two often depends on individual circumstances, needs, and the specific goals for the property.
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