Granny flats, also known as accessory dwelling units (ADUs), are becoming increasingly popular in the Gold Coast. These small, self-contained living spaces are usually built in the backyard of an existing property and can be used for a variety of purposes. In this article, we’ll explore some of the benefits of building a granny flat on your Gold Coast property.
One of the most significant benefits of building a granny flat is that it can increase the value of your property. Granny flats are considered an attractive feature when it comes to buying or selling a home. If you decide to sell your home in the future, having a granny flat on your property can make it more appealing to potential buyers, which can result in a higher sale price.
Another benefit of building a granny flat is that it can provide you with additional rental income. You can rent out your granny flat to tenants or use it as an Airbnb rental. This additional income can help you pay off your mortgage faster, save for retirement, or even fund your next vacation.
Granny flats are also an excellent option for accommodating family members. If you have elderly parents who need extra care, a granny flat can provide them with a separate living space while still allowing them to be close to family members. Alternatively, if you have adult children who need their own space or are saving up for their own home, a granny flat can provide them with a comfortable living space.
Granny flats can also make excellent home office or studio spaces. If you work from home, having a separate space to work in can help you stay productive and focused. Similarly, if you’re an artist or musician who needs a dedicated space to create, a granny flat can provide you with the perfect environment.
Q: Do I need council approval to build a granny flat?
A: Yes, you will need council approval to build a granny flat on your property. However, the process is usually straightforward, and your builder can help you with the necessary paperwork.
Q: How big can a granny flat be?
A: The size of your granny flat will depend on your local council’s regulations. In the Gold Coast, granny flats can be up to 70 square metres in size.
Q: How much does it cost to build a granny flat?
A: The cost of building a granny flat will depend on a variety of factors, such as the size of the space, the materials used, and the location. On average, you can expect to pay between $80,000 and $150,000 for a granny flat in the Gold Coast.
Granny flats are an excellent way to add value to your Gold Coast property while providing you with additional living space or rental income. Whether you’re looking to accommodate family members or create a home office or studio space, a granny flat could be the perfect solution for you. If you’re considering building a granny flat on your Gold Coast property, be sure to do your research and work with an experienced builder who can guide you through the process.