Hey, do you really think that Granny Flats are only for accommodating your elderly parents? Well, that’s a big NO! Instead, it can be a perfect accommodation and source of financial gain at every stage of your life. No wonder the inhabitants from the 20s to 70s are embracing the concept of Granny Flat in Penrith!
Do you wonder how? Let us tell you in detail!
How Do Granny Flats Help One Gain Additional Income and Accommodation at Any Age?
In Penrith, more and more homeowners and even renters are building backyard Granny Flats on their property as an additional accommodation and income source, regardless of their age. See here how it aids at every age. Let’s start with the 20s!
Granny Flats in your 20s
You are 20 means at the door of adulthood- A perfect time to spread your wings! Many young people prefer an independent adult living at this time by leaving their homes.
However, a recent report shows that around 45% of the 20s still live with their parents. After all, gone are the days of affordable rental charges for young students or apprentices of 20s due to high rental prices in Penrith!
So, what can be your best financial choice here as well as an accommodation? Nothing but the Granny Flat! Your parents can build a Granny Flat on the property, and you can move into it to live an independent life without spending a penny on rental charges while staying just a walking distance from your parents.
Granny Flats in your 30s
When you are in your 30s, it’s expected that you are capable enough to invest in the property market. However, it’s undeniable that 2020 was a tough year to step into the property investment game! So, if you haven’t started yet, it’s time to connect with Granny Flat builders, design a Granny Flat on your property and double your income by renting it out.
Granny Flats in your 40s
Well, you can call yourself a part of the ‘Sandwich Generation’ at this age. After all, when you are 40, you need to take care of the accommodation for your elderly parents and kids. Here is where a Granny Flat is the best possible financial solution. You can cut costs on renting housing outside and pile up savings for the near future!
Granny Flats in your 50s
It’s time to relax and gain more wealth! Granny Flat can be a great way to boost your passive income. All you need is to invest in building a Granny Flat. And, you can multiply your earnings by renting it out, ensuring great savings for the future from this tenancy income since it will directly go into your pocket!
Granny Flats in your 60s
So, you are probably a granny or grandpa now. You have worked hard all your life. Now, in your 60s, it’s probably time to relax your mind and slow down. You can build a Granny Flat in your backyard and do the same we suggested for the 50s to earn a passive income.
Or, you can move into it if you plan to downsize and rent your big family home to earn a huge amount. In fact, it’s a good idea to boost the earning by accommodating two tenants on one property.
Granny Flats in your 70s
At this age, every individual wants to be independent, even if it isn’t possible physically but financially, YES!
We see most people no longer able to manage backyard gardens, and so do stairs. So, we suggest starting afresh and building a Granny Flat in the backyard. You can shift here while allowing your family to move into your vacant home to accompany you.
But, if you are still physically strong and independent enough, keep renting out your Granny Flat and multiply your money!
Build Your Granny Flat with Dwelcom Pty Ltd
We hope you like our ideas! Now, if you are interested in building a backyard Granny Flat, count on us. At Dwelcom, we custom design Granny Flats according to your needs, including 1-bedroom, 2-bedroom and 3-bedroom floor plans. Our Granny Flat builders are efficient enough to meet your accommodation needs.