Reasons why some families find it necessary to build granny flats on their properties

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Information about Reasons why some families find it necessary to build granny flats on...
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Published on September 18, 2014

Author: Jasmineskatel

Source: slideshare.net

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It is becoming more and more apparent these days that the cost of living is becoming very difficult for a lot of people. Most especially for young adults starting out on their own, having moved out of the family home.

REASONS WHY SOME FAMILIES FIND IT NECESSARY TO BUILD GRANNY FLATS ON THEIR PROPERTIES

It is becoming more and more apparent these days that the cost of living is becoming very difficult for a lot of people. Most especially for young adults starting out on their own, having moved out of the family home. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

There are a lot of people who are finding it nearly impossible to keep up with the cost of living as the interest rates and taxes go up at an unpredictable rate. This makes it difficult for young adults and newlywed couples to either buy or rent a fair sized apartment or house. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

It is quite common these days to find that when kids are finishing school, college or university, they simply move back home from their dorms in order to save money. It’s also clear that jobs are becoming extremely scarce. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

Since jobs are becoming so scarce, they are finding it increasingly hard to keep up with monthly payments for not just the rent, but all the other amenities it go along with it like water and electricity, telephone bills, the Internet and other day-to-day things. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

Sometimes, even after having done all of this, they are forced to give up their privacy and independence, swallow their pride, and ask their parents if they can move back home. This is an extremely difficult thing to do, especially if you are married and have children. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

For those people who cannot simply cancel a rental because they own the house, it is impossible to just simply pack up and move in with mom and dad. In cases like this, it extremely easy to see why more and more families are building granny flats in their block of land. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

It makes perfectly good sense to do something like this as it provides another form of income for the family. By renting out their granny flat, not only are they able to dig their way out of a financial hole, but they also bring up the value of the property. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

Another reason why they would build granny flat on their land is not necessarily just to rent out to strangers in the, but possibly to their own adults children who might need a place to stay who have children of their own. More info on: http://eastcoastvillagehomes.com.au/cabinsmain.htm

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