Friday, September 26, 2014

Do Granny Flats Add Value?

The idea of adding a backyard structure can be very enticing whether it be for separate living quarters for an ageing parent, a private place for younger members of the family, a live-in nanny or, perhaps, a private office or study. But does it add value to the property? The quick answer is that providing it is aesthetically pleasing and in sympathy with the house and the backyard, it will add value to the property. As such, it provides a means to get the maximum realisation from existing services. As a workshop or bedroom, for example, it might well enable you to have a greater interaction between the garden and the house. However, building designer David Mulhall says building a separate structure is generally only wise if an extension isn’t possible or compromises a renovation. He believes people need to assess the merits of building a garden studio because they only appeal to a small segment of the market.
Mulhall says owners should consider renovating or extending their property before starting any backyard construction. Remember, too, to research and be aware of all the applicable building regulations, especially those dealing with dual occupancies.

Granny flats are also popular with families who have a dependent person including the elderly or a disabled family member who want to live close but not under the same roof. We at Professionals Logan Lifestyles can advise you on all matters which may enhance the value of your property. If you have any questions in respect of this article, or about any sale, purchase, letting or other real estate matter do not hesitate to call me on 0418 517 525 or call in to our friendly offices at Westpoint Shopping Centre Browns Plains for a talk.

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