city of renton ADU Programs
city of renton ADU Programs
what is an adu?
Accessory Dwelling Units, or ADUs as they are commonly known, are growing in popularity as many of our local municipalities make planning, zoning, and permitting changes to make them easier to build and a more affordable housing option. ADU’s have the potential to make for a home office, a guesthouse for visitors, or a space for multi-generational living.
Subject to all applicable legal requirements including zoning and permitting, an ADU may be able to provide an affordable housing option because they may allow a homeowner the opportunity to build an income-producing property on their existing lot while providing a reasonably priced rental unit for our community. In addition, they can also provide a solution for multi-generational families looking to create a living space for families, such as for aging parents or young adult children.
Supreme Lending has been a leader in local financing for over 15 years. Learn about all the solutions available for funding your ADU project. We can answer your questions and explore your options.
Have questions? Contact Luke Welling today, call 206.913.8232 or email SupremeNW@supremelending.com
City of Renton Permit Ready
Accessory Dwelling Unit (PRADU) Program
The City of Renton is offering free ADU model base plans for residential property owners within city limits. The model base plans and PRADU Program was intended by the City to simplify the building permit application and review process. Applicants utilizing the City’s pre-approved plans will work with staff one-on-one to design their ideal site plan and go through and expedited review process, which is intended to provide applicants with significant cost savings that can be applied toward construction.
With the cost of ADUs typically varying between $100,000 and $200,000 depending on size and finish, Supreme Lending has financing options to meet every qualified borrower’s needs.
If you have sufficient equity in your home, a Cash-Out Refinance of your home loan is one option for obtaining cash to pay for an ADU for your property.
Adding an ADU to a property is one way to provide housing options for family or, when permitted by applicable regulatory requirements such as zoning, expand the income earning potential of your home.
We have been a leader in local financing for over 15 years. Learn about all the solutions available for funding your ADU project or for any of your home financing needs including the purchase of a primary residence, home improvements, purchase of second homes, or refinancing your existing home loan. We can answer your home loan questions and explore all your mortgage financing options. Reach out today!
Have questions? Contact Luke Welling today, call 206.913.8232 or email SupremeNW@supremelending.com
LOOKING FOR A CREATIVE WAY TO GENERATE
INCOME OR increase property value?
Take advantage of the City of Renton’s Permit Ready Accessory Dwelling Unit (PRADU) Program!
The city has updated the program to save you time and money. With reduced fees, updated regulations, and a streamlined application process, it’s now easier than ever to plan, build, and finance an ADU on your property. The revised program concentrates on developing fully designed, pre-engineered, and pre-approved ADU base plans for homeowners.
What are potential and intended benefits to an ADU?
• May build homeowner wealth and promote housing stability.
• May increase property value.
• Builds on existing public investment and infrastructure, reducing the need for new investment.
• Creates an independent housing option for diverse households and lifestyles.
• Increases housing inventory for market-rate and affordable housing.
• Supports infill development in existing neighborhoods while maintaining area quality and character.
To reduce barriers to ADU development, Renton City Council has approved waiving applicable ADU fees (excluding system development charges, which will be offered a temporary reduction of 50%) until December 31, 2022.
Supreme Lending has been a leader in local financing for over 15 years. Learn about all the loan solutions available for funding your home loan needs, including an ADU project. We can answer your questions and explore your options. Reach out today!
Have questions? Contact Luke Welling today, call 206.913.8232 or email SupremeNW@supremelending.com
Luke Welling
Producing Branch Manager
NMLS# 261035
707 S Grady Way Ste 600
Office 6083
Renton, WA 98057
Matt Thomas
Branch Manager
NMLS #96883
707 S. Grady Way, Suite 600
Office 6066, 6081 & 6084
Renton, WA 98057
Luke Welling
Producing Branch Manager
NMLS# 261035
707 S Grady Way Ste 600
Office 6083
Renton, WA 98057
Matt Thomas
Branch Manager
NMLS #96883
707 S. Grady Way, Suite 600
Office 6066, 6081 & 6084
Renton, WA 98057
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