Dreaming of a home that pays for itself? Learn how House Bills 1110 and 1337 can help you transform your property into a duplex or add an accessory dwelling unit to create a sustainable source of passive income.
As Washington State strives to tackle its housing crisis, two groundbreaking bills are poised to reshape the housing landscape. House Bills 1110 and 1337 offer innovative solutions to address affordability and housing availability. In this exclusive article, we delve into the distinct benefits of these legislations and explore how they pave the way for a brighter future in Washington’s housing market.
1. House Bill 1110: Creating Abundant Housing Opportunities:
House Bill 1110 marks a turning point in Washington’s housing sector, fostering increased housing options and affordability. This legislation unlocks an array of possibilities by allowing the construction of two to six units in traditionally single-family areas. The expanded housing supply caters to the growing demand for affordable homes, granting more residents the chance to access homeownership and affordable rentals. With House Bill 1110, homeowners can tap into passive income streams by converting their current homes into duplexes or sixplexes, further enhancing their financial well-being. We have to take note, however, that this will vary on the number of residents in a city:
Cities with populations between 25,000 and 75,000 will allow Duplexes on any residential lot. Fourplexes will be allowed if the project is within a quarter mile of a transit stop or if one unit is built as affordable housing.
Cities with populations over 75,000 will allow Fourplexes on any residential lot. Sixplexes will be permitted if the project is located within a quarter mile of a transit stop or if at least two units are built as affordable housing.
2. House Bill 1337: Empowering Accessory Dwelling Units:
Complementing House Bill 1110, House Bill 1337 focuses on empowering homeowners to utilize accessory dwelling units (ADUs) and detached accessory dwelling units (DADUs) to solve the housing shortage. This legislation streamlines ADU and DADU regulations, removing barriers and enabling more homeowners to create secondary units on their properties. By expanding these opportunities, Washington aims to increase housing density, accommodate multigenerational living, and provide affordable rental options. House Bill 1337 encourages sustainable urban growth and community development by promoting the efficient use of existing resources while maintaining the unique character of neighborhoods.
3. The Synergy of Change:
House Bills 1110 and 1337 operate in synergy to transform Washington’s housing landscape. Together, they facilitate the creation of diverse housing options and address the affordability crisis head-on. By promoting the construction of additional units and easing regulations on ADUs, these bills empower homeowners, stimulate local economies, and foster vibrant, inclusive communities. The combined effect of House Bill 1110 and House Bill 1337 is a holistic approach to housing reform, redefining the possibilities for both current homeowners and prospective residents in Washington State.
4. Impact on Washington’s Future:
With House Bills 1110 and 1337 on the horizon, Washington’s future housing market holds great promise. The increased housing options and improved affordability resulting from these bills can alleviate the strain on renters and potential homebuyers, creating a more balanced and sustainable housing ecosystem. Additionally, the transformation of single-family areas into multi-unit residences and the proliferation of ADUs contribute to the expansion of walkable neighborhoods, better access to amenities, and the revitalization of underutilized spaces. Washington State is poised to witness a thriving housing market that embraces inclusivity, sustainability, and economic growth.
House Bill 1110 and House Bill 1337 present an exciting new era for Washington’s housing market, offering transformative solutions to address affordability and housing availability. If you’re curious to explore how these bills can benefit your situation, rest assured that assistance is available. As a licensed broker and a land expert, I specialize in conducting feasibility studies to determine the viability of incorporating accessory dwelling units or if your land is feasible for constructing single or multiple units. Feel free to reach out for personalized guidance and expert advice as we navigate together toward a future defined by diverse housing opportunities, thriving communities, and improved quality of life.