Another benefit is the Government tax free benefit of up to £7500 renting out home space. When your boomeranger moves out, as a homeowner could rent this annexe out, with £7500 over twice the cost of funding a repayment mortgage of £60,000 a Teenager Annexe could supplement your income or pension.
Garden Buildings That Will Not Cost The Earth
A recent enquiry was from a mother wanting to build an annexe. It was for her granddaughter who could in turn stop renting elsewhere. A new home deposit could then be easily saved by the granddaughter whilst the home value increased.
Having family close by but with an independent space brings peace of mind. Along with convenience... Another bonus here was that a grandparent had offered to fund and see your great benefits of this garden building now rather than leaving a legacy in a will. With land values at a premium, creating an independent annexe in your garden makes more sense than ever. We can assist you with the design and planning process and together help our boomerang generation prepare for home ownership. We can also build extensions to our home.
Call now on 0118 437 2772
