The Alley Flats initiative in Austin, TX is providing a ton of benefits to everyone who has decided to jump in and try it out. With space that is already available and less red tape and permits required, many homeowners are able to jump right in and really get ahead with some of their goals when it comes to financial success. There are a ton of benefits that come with this alley flats initiative in Austin, TX, and some of these include:
They Use Minimal Resources
Alley flats are not meant to be big. They are supposed to utilize the space in the backyard and open up to the alleys that come up to homeowners properties. Due to this, they will not use a lot of resources to get them made. With minimal resources, it is possible to increase housing in the Austin, TX area and keeps things as affordable as possible.
They are Energy Efficient
Since these alley flats are usually small, they will be more energy efficient. Those who use them will find that their utilities are a fraction of the cost found in most homes or apartments in the area, making it even more affordable to have one or rent one out. Many homeowners are taking the time to use energy efficient materials as well, bringing this benefit even further along for their alley flats.
They Bring in Extra Income
Many homeowners choose to do an alley flat under this initiative as a way to provide affordable rentals to others in the city. This not only makes the rental amount better for those looking into affordable housing, it can provide an additional stream of income that will make it easier for the homeowner to pay down debt, go on vacation, secure their existing assets, or pay for other bills along the way. These alley flats are often affordable, helping bring in more income without the costs.
They Utilize Pre-Existing Space
These Alley Flats are going to utilize space that is already there. If the homeowner has some space that faces out to the alleyway on their property, then they are able to make one of these alley flats and utilize it the way that they would like. Whether they rent it out to others, go with an office space for themselves, or even move in an elderly relative into it, these alley flats are going to provide the added space that you need.
The Alley Flats initiative is a great option that has helped bring out the best in the Austin community. By utilizing some of the space that is already there, homeowners can choose to add more to their home, bring in extra income, or have space for an elderly loved one who wants to move in. This initiative allows them to do this without all the red tape that many construction projects have to offer. With all the benefits above, it is no wonder that many homeowners choose to go with this option.…