When you buy a house, you’re more concerned with your current situation than with your future needs, so as a new homeowner, you’re probably not considering whether you’ll need more space in the future and what options you have for getting it – such as a granny flat or home extension, what should you do? check it out
By and large, an addition will be less expensive. Especially if you need to supply plumbing, electricity, and materials to a location that is far from the main house. It will, however, not provide the same opportunities as those listed below.
Is it possible that a home extension would be a better investment?
A house extension must be viewed as a medium to long-term investment – typically five or more years – in order to see a financial return.
If you expect to stay in your house for a long time, your home expansion will almost certainly pay for itself in terms of financial gain.
Extensions, on the other hand, add extra floor space to your home and are reasonably straightforward to obtain planning approval for, but they take time, are messy, and are more expensive than creating a granny flat.
As a result, a granny flat might be a superior investment, and here’s why:
It’s a dedicated area for your needs
Because a granny flat is separate from the rest of the house, it offers space and serenity to house family members, works from home, or is used as a playroom or a refuge for a youngster who can’t yet afford their own space, it offers all kinds of lifestyle benefits that a home extension doesn’t.
Your home is safe and secure
Unlike a home extension, which includes knocking down internal walls and workmen roaming among your personal possessions, granny flats are prefabricated buildings that are supplied as a flatpack, ensuring that you and your home are not overly bothered by the construction activity.
Is it Possible to Connect a Granny Flat to Your Main House?
An attached granny apartment is what this is known as.
This is a structure that is connected to your home by at least one wall and serves as an expansion of your existing home.
However, I must emphasize that the main home and the granny apartment cannot share an entry door; the granny flat must have its own entrance.
Is It Possible To Build An Extension That Is Larger Than 60 Square Meters?
Yes, in a nutshell.
This, of course, depends on the size of your lot and the requirements of your local government, but most maximum ground floor additions are around 80 square meters.
Conclusion:- Both granny flats and house extensions have advantages depending on how much space you want to add to your home and whether you want to develop upwards or construct a separate unit with solitude. For more information about home renovations in Melbourne visit Supa Group.
However, they may be a superior financial investment because they are less expensive and can be rented out quickly, whereas a house extension is a long-term investment.
Users recommend that you speak with your local government about their policies and what is best for your property.