Why You Should Build a Granny Flat for an Airbnb?

There are many different uses for a granny flat, but renting out a room or secondary dwelling as an Airbnb is a popular method to earn quick, additional cash.

If your granny flat is in a city or high-tourist area such as Melbourne, you may want to consider this option. As long as your property abides by your local laws and regulations, you can use it to provide short-term Airbnb accommodation.

One of Airbnb’s main advantages is that it provides more flexibility than a traditional rental. You can set your granny flat’s availability and pricing, select tenants, and manage the bookings on your own terms.

One or two bedroom granny flats are compact enough to fit into your backyard or unused plot of land, and not only provide the option of more space to your own family, but can be used to create a smart and attractive Airbnb property.

*Airbnb Screenshot

What is an Airbnb?

An Airbnb is a property or room rented out on a short-term basis, via the global website, Airbnb, although there are a number of other holiday rental sites.

Occupants are typically travelers, searching for a cost-effective, more personal alternative to hotels. Holidaymakers or travelers who want to experience the real feel of ‘living’ in a city or town, and may want access to kitchen or washing facilities, often find Airbnb suits their needs better than a hotel.

People choose an Airbnb by searching for listings in their desired location, within various parameters, such as:

• Number of rooms
• Proximity to public transport
• Amenities
• Costs

Airbnb accommodation ranges from single rooms to entire homes. Costs are usually set depending on property size, location, and amenities. Airbnb data is one window into Melbourne’s short-term rental market.

About Granny Flats

Traditionally, granny flats were used to house the older members of a household, but as rent prices have increased and city living has become denser, the granny flat has been embraced as a viable alternative to regular accommodation.

Innovations in design has seen the rise of sophisticated “small living” options. We can now expect to find the same design quality in a granny flat as we would in a full size house or apartment, along with all the trimmings in terms of fittings.

Technology has also become more intelligent and less space-consuming. A flat screen tv can be easily added to a wall, cooling and heating no longer take up huge amounts of space, and we have a huge variety of white goods available to us that fit into increasingly compact dimensions.

Granny Flat is perfectly suited to an Airbnb investment because you won’t have to put forward a large sum to buy an additional property.

The additional income will cover your building costs and ongoing costs will give you a little extra in your savings, all for a fraction of the price an investment property and mortgage would cost.

How to Turn a Granny Flat into a Popular Airbnb

Our attractive, functional and affordable granny flats are perfect for Airbnb. Not only can their design be personalised to your exact requirements, but we can help you navigate the building permit process to ensure that once your granny flat is finished, it is completely ready to be used as accommodation – all you have to do is turn the key.

We have decades of experience building granny flats, cabins and streamlined homes, and as a result, we have identified what really “works” when it comes to secondary dwellings.

In our experience, a granny flat built for comfort, convenience and complete independence is a natural fit for the Airbnb market. Furthermore, a granny flat built with style and practical features is guaranteed to appeal to a greater range of holiday-makers and would-be tenants.

Finally, our granny flats are built to suit every age group, so you get the most out of your investment.

Talk to Our Team of Money Spaces