Joanne Hunt investigates if it's worth buying a home with granny-flat potential, the cost of building one and whether you would be eligible for tax-free income of up to €14,000 a year if you were to rent it out.
Traditionally used to accommodate older relatives, granny flats can house family members of all ages as well as guests and paying lodgers. Retirees and first-time buyers are seeing the value in converting an existing garage into accommodation or building a new unit on a plot of their garden with the aim of providing rental accommodation to supplement their income, Hunt writes.
Traditionally used to accommodate older relatives, granny flats can house family members of all ages as well as guests and paying lodgers. Retirees and first-time buyers are seeing the value in converting an existing garage into accommodation or building a new unit on a plot of their garden with the aim of providing rental accommodation to supplement their income, Hunt writes.
