Hundreds of families have already discovered that building a Granny Flat to their existing home is a perfect solution to counteract the increasing housing crisis. Not just for “Grannies” DB Homes Granny Flats are small scale affordable self-contained houses built to the same high standard and superior quality as our executive homes.
While the cost of both rent and home prices spiral ever upward, it has become increasingly difficult, if not downright impossible, for young adults to get a foothold in the housing market, for older adults to realize their retirement dreams and for growing families to have the space they need.
Granny Flats are an affordable and practical way for parents to provide financial support to their adult children as their families grow. The only alternative to renting is to remain in their parent’s home, but in most cases the existing family home lacks the internal space needed to accommodate two separate families. A DB Homes Granny Flat built can provide the perfect solution.
A Granny Flat addition gives both families the option of living in either the existing house or the Granny Flat. In the future if one of the families moves out, then the vacant property can provide a vital source of rental income if desired.
The increasing cost of purchasing a home plus the general cost of day to day living has led to the need for both parents to work. Even with two incomes families with children still struggle to meet their financial commitments. A large proportion of couple’s income can be consumed by childcare costs. Grandparents are often called upon to help, but many live too far away to be of any practical day to day assistance.
Building a Granny Flat will provide accommodation for grandparents to be close at hand for childminding and yet remain independent from the rest of the family.
Using the existing equity in an existing home, to build a DB Granny Flat addition is a great solution to an overcrowded home. Many school leavers have incomes too low to fully support themselves independently and therefore still live in the family home.
These dependents who might be single, working part time, looking for work or studying at tertiary education institutions or any combination of the above, can often remain in the family home well into their 30s and 40s. Everyone needs their own space and this type of overcrowded living arrangement is a known cause of stress and can put a huge strain on family relationships.
If land size permits then downsizing into Granny Flat must be considered as a preferable alternative to moving into a retirement village. Due to a sudden rush of baby boomers reaching retirement age and looking to downsize the competition to find suitable low maintenance accommodation is expensive.
Retirement Villages are springing up all over the country to allow for this increase in the large number of retirees. Unfortunately most retirement homes have drawbacks. They are usually situated in remote areas away from essential services such as doctors and shopping centres and have expensive on-going weekly fees.
It is a known fact that the stress caused by having to endure unsatisfactory and overcrowded living conditions, can adversely affect the personal well-being and ultimate happiness of families. The team at DB Homes aspire to keeping families together without compromise to happiness, no matter what part of life’s journey the families are up to.
Often its the second house couples look to build. When that time comes the advantages of a granny flat addition to their own home build, could include the ability to borrow extra finance for their own house due to the additional potential investment income from the granny flat addition; ability to pay mortgage faster due to rental income; higher capital growth of their property which means less risk of losing money on resale if the situation arises; Future cosiderations such as the ability to help family eg can conveniently house either their children (as per above) or an aging parent.
Our granny flat builders give you the most out of your investment. We supply everything, making your extension as easy as possible.
Our Granny Flats come with the following inclusions:
Below are some important questions that you should ask yourself when thinking about designing your granny flat:
All you need to know about building a granny flat
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