For those who are seeking ways to improve their homes, there is a growing interest surrounding granny annexes. These compact, self contained living spaces can be used for a number of different reasons and can host a whole array of benefits for the homeowner. If you are considering home improvement options and are interested in installing a granny annexe – this is the blog for you. Here, we explore the top five benefits of adding one to your property.
Benefits of A Granny Annexe
Multi Generational Living
Multi generational living is when three or more generations share a household – which tends to be the most common reason for installing a granny annexe. There are so many reasons why families across the globe are opting for a multigenerational household – caregiving, financial reasons, convenience, staying close to family. If multi generational living is something you’re interested in, a granny annexe is most certainly a fantastic option for you. A granny annexe offers elderly parents or adult children to gain that all important sense of independence whilst living with their families.
Increased Property Value
Did you know of the impact of property value by granny annexes? Adding a granny annexe as a way of improving your home can significantly increase the value of your home should or when you come to sell it. An extra living space appeals to a wider range of potential buyers and is a brilliant way of making your property more attractive to the real estate market. During the cost of living crisis that we currently find ourselves navigating, looking for cost effective ways to improve your homes is at the forefront of many minds. Granny annexes are a great way of expanding your living space and adding value to your home, without the expense of transforming your traditional home setting.
Rental Income Potential
If you are looking to improve your home for the potential of receiving rental income, a granny annexe is a great option. A granny annexe can serve as a valuable source of rental income. Many homeowners in fact choose to rent out their annexes in order to help cover mortgage payments. Thankfully, the demand for smaller and more affordable living spaces is on the rise.
Having a separate living space can improve your home life by ensuring that both you and your family members have privacy. The separation of living areas can help maintain a peaceful household by giving everyone their own space. Whether you use your annexe as a quiet place to work, relax, or house family members, a separate building can offer you that retreat, massively improving your home.
This leads us nicely on to talk about the different uses of a granny annexe, which is a huge benefit that many homeowners find. Sure, many people use granny annexes to house family members, but annexes are in fact incredibly versatile and can serve various purposes beyond accommodating family members or other people. You may want to use an annexe as a home office, art studio, guesthouse, or even a gym!
To conclude, a granny annexe hosts so many benefits if you are looking at ways to improve your home. For those who want to improve their living arrangements, whether that be by having the option of multigenerational living, increased property value, or simply more space, a granny annexe is the perfect option! With careful planning and execution, your granny annexe can become a valuable and cherished part of your improved home.