Granny Flats: a win for you, Your Parents and Your Kids
As our parents get older, we come to a point where we have to make a decision: does she go to a community with other retirees or do we bring her into our home? The decision to add her into your own household might be more compelling that you realise.
Here are 5 reasons to add a granny flat to your home for your parents:
1) WOMEN (GRANDMA) LIVE LONGER WITH STRONG BONDS WITH THEIR GRANDCHILDREN
It’s common knowledge that women live longer than men. In fact, according to the Australian Bureau of Statistics, Australian women have an average life expectancy of 84.3 years, compared to 79.9 years for men. When you consider retirement age in Australia is generally 65 years, as your mum says goodbye to her working life she will have more time to spend with the kids and thus develop that long lasting relationship.
2) CHILDREN HAVE NUMEROUS DEVELOPMENTAL BENEFITS
There are many benefits for the kids spending plenty of time with their grandparents. They’ll get a sense of their family’s history and heritage and it will help bridge generational gaps and improve your children’s interaction with other more adults. The relationship is not only beneficial for the children but also for grandma as studies have shown that spending time with grandchildren is mutually satisfactory for both the older and new generation and provides an outlet for passing on cultural knowledge.
3) SAVING UP ON CHILDCARE COSTS
Not only is hiring a nanny or sending your children to daycare expensive, your kids will also miss out on spending quality time that they could otherwise spend with their grandparents. By enlisting your parent’s help in looking after your kids while you’re at work you will save hundreds of dollars each week and thousands each year in child care costs.
For instance, say you spend $200 on daycare a week, over a year that’s over $10,000 out of your family’s budget – more than enough to spoil your parents with a nice holiday after all her help with the kids.
4) GRANNY FLATS ARE ACTUALLY EASY TO BUILD AND BUY
These days, if you enlist a qualified granny flat specialist to build your granny flat they will do everything from provide you with a sketch of the granny flat plan to carry out the DA and CDC approvals. Make sure you look for a builder that offers a fixed priced, so you know what you’re financially up for from the get go and aren’t caught out by any sneaky fees down the track.
One of the major benefits of building a granny flat is it will also add value to your property, so when it comes time to put your property on the market you’ll be in a better position as a seller.
5) YOU CAN RECEIVE GOVERNMENT AID FOR ELDER CARE
As you can see from the points above, adding a granny flat to your home for your parents can save you big bucks. On top of all these savings, you could also be eligible for help from the Australian Government who will pay for equipment or aids to make life more manageable for your parents.
Are you looking for an affordable granny flat builder in the Sydney area? Have a chat with one of our friendly granny flat specialists at Rescon Builders today!