Many people approaching retirement look at ways to ensure that their retirement is smooth — particularly in this fast-changing financial climate.
This is why so many soon-to-be retirees set themselves in good stead through the use of the humble granny flat.
The construction of a granny flat with Ian Cubitt's Classic Home Improvements will ensure that your retirement is the way you want it.
While your land is very valuable you can use it to generate more potential by maximising the use of your yard space to bring in cash flow.
Granny flats are being used in a variety of ways.
Many people have capitalised on their ability to invest and they can retire with peace of mind.
Ian Cubitt's has provided examples of how the granny flat has helped.
■ The Williams Family
Mr Williams and his wife have owned their home for many years and are near retirement and getting ready to pursue their dream and travel Australia.
They decided to invest $150,000 of their superannuation money and build a three-bedroom granny flat in their back yard.
They will move into their granny flat and rent out their five-bedroom front home for $700 a week.
■ The Barrett Family
The Barretts have worked hard to pay off their home and will retire in the next four to five years.
After consulting with their real estate agent they decided they could build a two-bedroom granny flat in their yard and rent it out for $350 a week.
They decided to spend $90,000 of their superannuation funds on their granny flat and lease it through their local agent. They now bring in an extra $18,200 a year and will have the granny flat paid off in less than five years, allowing them to have a good retirement cash flow.