1. They Are Cheaper Than Traditional Homes
This is probably the primary selling point of granny flats. They’re basically like traditional housing and have all the bells and whistles you need that makes a property a home. You get a kitchen, a bedroom, a bathroom, a dining room, and as many other amenities that you want. All that, minus the hefty price tag you get from buying an actual hose.
A one-bedroom granny flat starts at $130,000 and can go up to $300,000, which is much easier to pay off than traditional real estate. With granny flats, first time home owners can enjoy the security of owning their own home without the anxiety of having to pay off mortgage. It’s a sustainable asset that pays for itself throughout the years.
There’s all the appeal that comes from mobility. When you invest in traditional real estate, it feels like your fate is sealed; that’s the home you’re owning for the rest of your life. But when you build a granny flat, you don’t have to feel like you’re tied to that place. You can easily sell the property or rent it out when you no longer want to make it your permanent residence.