Do you ever think about how house prices affect your life? Do you find yourself constantly worrying about the price of housing increasing every time you move? Maybe you should consider buying a granny flat instead.
If you don’t already own a granny flat, then maybe you should start thinking about investing now. A granny flat is a small extension, often attached to the main home, with a separate entrance. This means it’s easier for elderly parents to remain living independently within their own home, making selling the property much simpler.
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If you’re looking for a granny flat to increase the value of the property, then Blue Door Realty property management in Albuquerque advises you need to make sure you take care of these 5 matters. By following through with these things, you’ll definitely increase your chances of success.
Factors To Take Care Of To Improve The Value Of Your Granny Flat
Size
If you want to add another bedroom to your current home, then a granny flat will not do much for you. However, if you want to have an entirely separate living space, a granny flat could be an excellent option for you to buy. It is also possible to combine both functions into one flat. These types of flats are usually called duals.
Location
Location plays the most role when deciding where to put a granny flat. Ideally, this should be as close to your driveway as possible. This way you don’t lose any parking spaces! Also, keep in mind that the location must be within walking distance from public transport. Public transport is critical because you may eventually be planning to live in the granny flat while selling your own home. For example, you might plan to use bus stops around your neighborhood. That way, people interested in buying your home won’t have to spend hours getting to work by car every day.
Space
If you plan to use the granny flat as a fully independent living space, you will probably want to make sure that you have enough space. First of all, check out the size of the area where you hope to build the granny flat. Next, determine how large it should be. Will it consist of just 1 bedroom or maybe 2? Or perhaps it can accommodate up to 4 beds? Once you’ve determined the exact number of bedrooms, go ahead and divide the total square footage between them. Then double-check to see how big each space needs to be. Make sure you have plenty of storage space included in the granny flat. You can design the structure to have sliding doors at ground level instead of having them open directly onto the outside, which means less insulation.
Layout
There are several layouts to choose from when designing the layout of your granny flat. You can opt to include a kitchen as part of the granny flat. This way you’ll save yourself time and money in preparing meals during your stay at home. Another popular choice is to include a bathroom next to your bedroom. That way, you won’t have to carry your groceries back and forth once you get home.
Cost
Of course, you want to pay only a little for a granny flat as practically possible. Luckily you can find many opportunities to finance granny flats. Some financing companies charge interest rates lower than standard loans, while others offer special deals for first-time buyers. So make sure to shop around before making a final decision on a particular loan agreement.
The Bottom Line
In addition to the features mentioned above, there are many benefits to choosing a granny flat. The most significant advantage is that granny flat owners can move in quickly and easily. After all, they can take advantage of the same amenities the main residence provides, such as swimming pools, gardens, air conditioning, etc.
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