If you are interested in building a dependant persons unit in your property, here is an informative piece of article for you. Homeowners having extra space in their backyard often build a dependent person’s unit in the area. This is often known as granny space.
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- You may rent out this area to aged people, who are dependent on you to a certain extent.
- Due to paucity of space in metropolitan cities and also due to space crunch and increase in nuclear families, there is an occurrence of construction of granny flats or rooms for dependant in many cities. Generally, this unit is built inside the compound of the house, in the backyard. It may be regarded as a self-contained unit of house located in the same complex of your house.
- Well, you can make a dependant persons unit customized to the need of the users. These can be flat-packed, transportable, or pre-fabricated. Each state has its own rules and regulations regarding the construction of a separate wall or room unit for people who are dependant.
Here are three ways you can benefit from building a dependant persons unit in your property.
1. A source of revenue
Building a dependant persons unit enables the homeowner to generate a good revenue by renting it out. However, the owner should make sure to maintain the ease and comfort level of the aged. Generally, aged family members do not use these spaces. However, you should adhere to the norms and arrange the necessary infrastructure for them. It is similar to renting out your property, but involves more responsibilities. You must go through the established norms of your state before renting out a dependant persons unit to aged.
2. Boosts home improvements
When you have a space in your compound utilize it for productive purposes, it is wise to build a dependant persons unit in it. Most of the homeowners look forward to improve their dwelling places after a certain period. Besides generating revenue, a dependant persons unit can boost up the home improvement strategies. Well, you may construct this area as per your preferences, with necessary features built in it. In other cases, tailors these areas for the use of a specific person. In both the cases, you increase your assets. Innovative interior designing and architecture can enhance the quality of your properties for sale. In many case, for the dependant units, these rooms and flat structures can be customized depending on the budget, the building regulations, and on the quality of home improvement project that is required.
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3. Increases the re-sale value of your home
One of the most important benefits of having a dependant persons unit in your home is that it increases the re-sale value of your property. Investors and buyers are more interested in homes with these units. When you generate revenue from your home, it increases the value of your asset. It is possible to sell off your home faster when you have a granny space in it. The consistent income generation from these spaces appeals to the buyers and investors. In case, you want to sell off the property in future, you can find a customer much faster.
Well, it is wise to make the best use of the space in your home or complex. A dependant persons unit helps you to generate revenue at present, besides increasing its value. If you are confident enough to arrange the desired settings for the aged people, you may integrate a granny space in your home. The older people, dependent on others will find a reliable abode in your home. You too, can reap good benefits by improving your home.
October 30, 2017