Benefits of Owning a Granny Flat in NSW
Owning a granny flat can provide several benefits for individuals in New South Wales, including:
- Increased independence: A separate living arrangement allows homeowners to maintain their freedom and autonomy.
- Flexibility: Granny flats can be used as rental income sources or as additional living space for family members.
- Financial advantages: Homeowners can benefit from tax deductions on rent earned through a granny flat.
- Space for aging parents: A granny flat can provide a comfortable living arrangement for elderly parents, allowing them to maintain their independence.
Additional Considerations
When building or purchasing a granny flat in NSW, homeowners should consider factors such as zoning regulations, building codes, and rental income potential.