One or two bedrooms? What should I build?

It’s the question that every client asks when building.

Should I build a one or two bedroom Granny Flat?

Hours of time is spent discussing this simple question. To make it easier for you to decide, we’ve listed the pros and cons of both. 

One Bedroom Granny Flat

PROS

  • The layout can be spacious and open planned, combining living, kitchen and dining area.

  • The design can better cater for the elderly without compromising on space. For example, larger door widths and a larger bathroom
  • The design is not compromised by trying to fit too much into a 60sqm design. 
  • The resale value of a home increases with a granny flat due to the potential to generate a passive income.
  • A cheaper build may mean the granny flat can be cash positive sooner. 
  • The build will be cheaper to construct in comparison to a two bedroom

CONS

  • A one bedroom will only cater to singles / couples limiting the chances of a family wanting to rent out the Granny flat.  
  • The difference in rental income is approximately $100 depending on demographics.  
  • Vacancy rates might be higher as apartments are competing in this space. 

 

Two Bedroom Granny Flats

PROS

  • Two bedrooms command a higher weekly income, with prices between $350-$450
  • Two bedrooms cater to a larger  demographic group such as couples and families. 
  • Two bedrooms have a greater scope of interest and can attract tourists on sites such as Airbnb. I.e airbnb one bedroom average $70-80 per night, two bedroom $80-$110per night

  • The resale value of a home increases with a granny flat due to the potential to generate a passive income.
  • External structures such as patios and  alfrescos can help the layout feel spacious

  • Generations of family can be kept close with kids and grandparents staying nearby while maintaining independence. 

 

CONS

  • The construction will be more expensive due to the second bedroom.  
  • The main living areas such as the living and kitchen are compromised and can be considered crowded if open plan living is desired. 
  • The elderly and disabled may find it difficult with smaller door openings and bathrooms
  • Vacancy rates might be higher as townhouses and apartments are competing in this space.
  • A more expensive build may mean the granny flat will take longer to pay off.

 

A granny flat, whether it be a one bedroom or two bedroom has enormous potential and endless possibilities. Take the time to look through some plans from the award winning range to help you make the right decision dependent on your circumstance.

Click HERE to browse through our Award Winning designs,