There’s a lot more than meets the eye when it comes to property upgrades. At Todd Devine Homes, we understand it is essential for your Granny Flat to meet your aesthetic and design requirements whilst being cost-efficient. But if you’re a long-term planner, you may have already considered the impact a Granny Flat will have on your property value.
Granny flats are increasing in popularity, but you want to ensure your property does too. As an investment, a granny flat offers multiple benefits, but what does it mean for your property when you’re looking at the market in the long run?
Granny Flats: What you need to know
Prefabricated granny flats can be built off-site and arrive at your property ready for installation, or alternatively, built in your backyard. They are independent of the main structure of your property and recognised as a secondary dwelling.
Or, like many Australians, you may consider downsizing to a prefab granny flat as a primary residence. Regardless, granny flats can be customised to meet your style and living requirements.
They are an efficient way to upgrade your home whilst considering custom styles and designs. They provide the following benefits:
- As they are constructed off-site, you can benefit from lower on-site labour costs and cheaper material costs due to bulk material purchasing. So, they are more cost-efficient than traditional extensions to your property.
- There are fewer delays to be expected with the manufacturing processes, so you don’t have to wait long for your granny flat to be delivered, and installation can be expected to be completed within weeks.
- You can benefit from high quality and durability when you opt for a prefab granny flat, as facility manufacturing uses approved building materials and construction methods. You can ensure that the structural integrity of your granny flat is reliable.
Our Granny Flats
At Todd Devine Homes, we are committed to helping you attain your dream home. That’s why we offer a variety of granny flat styles and designs that you can choose from. You can pick from a sleek and modern design offering 1 bedroom and 1 bathroom, such as THE MELALEUCA, or a classic design with 2 bedrooms and 1 bathroom, like THE CHESTNUT.
Some of our other granny flat designs include:
How will a Granny Flat impact my Property’s Value?
On average, a granny flat can increase property value by around 20-30%. You should consider personal factors such as the location of your property, the design quality, and the size. However, granny flats are becoming increasingly appealing for individuals seeking more flexible and modern living arrangements, especially as they offer additional accommodation for multi-generational and extended families.
Granny flats boost the space offered by a property and are flexible in what the space can be used for. Whether they are used as a guest retreat or a private area, they are beneficial to buyers in multiple ways, making them a versatile bonus of your property.
An aspect of a granny flat that is widely appealing is the additional income opportunities. By renting out the secondary dwelling, the individual can benefit from a higher income flow, which boosts the investment value of the property.
Generally, a granny flat, which is of higher quality (i.e, built with quality materials considered during construction, functional layout prioritised, and overall privacy and sustainability maintained), will boost your property’s value more as it is more appealing to buyers. So, if property value is crucial to you, choose a granny flat the right way, with Todd Devine Homes.
Contact us today to ensure you choose a quality home that doesn’t compromise on style and space. Get the most out of your investment with us.
Get Started with Todd Devine Homes
We’re good at what we do. We’ve helped thousands of Victorians make the transition to prefab homes, and we can do the same for you.
Our prefab homes can upgrade your today and your future, so if you’re ready to make a custom addition to your home, visit one of our display homes to see firsthand what luxury looks like.
Or, give us a call and we’ll get you started.
