As children grow up and move out of the family home, homeowners are left with an empty nest and extra space. However, this extra space presents the opportunity to create additional income through the construction of a modular granny flat.

Here’s why building a granny flat modular unit can benefit you as a homeowner:

What is a Granny Flat Modular Build?

A granny flat modular build is a self-contained living unit, often constructed in the backyard of an existing home. They are typically used to accommodate elderly parents or adult children but can also be rented out to generate income. Modular granny flats are pre-constructed off-site and then transported to your property, making them quick and cost-effective to build.

Generate Extra Income

One of the most significant benefits of a granny flat modular build is the extra income it can generate. Homeowners can rent out the unit to tenants, earn money through Airbnb or use the space as a home office, providing a tax write-off. With rental prices on the rise, a granny flat modular building can provide extra income and added security.

Low Construction Costs

The most significant advantage of granny flat modular construction is the low cost compared to traditional construction. Modular construction allows for quick assembly and installation, meaning less labour and fewer construction materials. They can also be built at a lower cost, because modular building contractors, like us at Affordable Modular Buildings, can order materials in bulk.

Increased Property Value

Having a granny flat modular building installed on a property can significantly increase its value. This is especially true in areas where the local zoning laws allow for homeowners to rent out the space. Having rental income can be a powerful selling point to potential buyers and increase the overall value of the property significantly.

Flexible in Design and Style

Granny flat modular buildings are available in a wide range of designs and styles, making it possible to blend the unit into the homeowner’s existing home seamlessly. You can choose the shape, size and features that best fit your needs and budget. They are also highly customisable, allowing you to add custom features and amenities to your units.

A granny flat modular building presents a great opportunity for homeowners with extra space on their property. You can generate extra income, increase your property value and have flexibility in design and style. With all the benefits that come with a granny flat modular build, you can make the most of your empty nest and enjoy newfound financial security.

Add a granny flat modular building to your property with Affordable Modular Buildings today. Contact us for more.