Building Kit Cabins to Boost your Income

Granny flatKit granny flats are more than just an additional living space. Some home-owners can generate extra income with such an investment by out the extra living space.

Whether the flat is free standing or attached to your home, there are a number of ways to use granny flats to your advantage:

Home Office

To get on with the growing trend of working at home and running a business online, you will need a suitable working space. Having a dedicated work space allows you to maintain your focus and boost your productivity. A detached flat serving as your home office is highly conducive for work-related tasks.

Rentals

If you have no use for a home office, you may rent out the space to those who need it. This small space is attractive for start-up businesses due to the relatively affordable rent.

You could also rent the extra space as living quarters for students, starting families, and others who might need a cosy living space for a small sum. With some creativity, you can offer tenants an affordable space that can adequately meet their needs.

Adding Property Value

Having a granny flat is sure to boost your home’s property value. An additional living space, especially one detached from the main house, is very attractive to potential buyers. Buyers would appreciate the idea of having a separate living space for guests, au pairs, or elderly family members. They would also enjoy having a second source of income if they decide to rent out their flat to tenants.

Suffice it is to say, granny flats can be a lucrative investment regardless if you have elderly family members staying with you. As long as you obey local laws regarding granny flats, you surely wouldn’t regret having one.