Blog Stories ADU's in Portland get extension of SDC Waiver fee, with a twist

ADU’s in Portland get extension of SDC Waiver fee, with a twist

By Carson Mead, June 27, 2018

Today Portland announced that they will extend the waiver fee of the SDC charges for developing an ADU, but with a significant twist. There will be an added covenant that the unit can no longer be used for Accessory Short Term Rentals (ASTR’s) for a period of 10 years. You can still use it for ASTR’s if you don’t mind paying the SDC’s, which typically come in around 15K+. The link to the full article is below.

Not to be missed in the statement is this:
“Additionally, due to the need to complete and record the restrictive covenant, it will be less likely that permits for ADUs can be approved over the counter in the Development Services Center.”

Plan on it taking another 2-4 weeks while the city reviews your design and plans.

This is a picture of my own ADU that I’ve been working on for 13 months. It’s been a journey of ups and downs to go through the process, and one I don’t take lightly. I think that the news today is great for the bulk of people who are interested in pursuing this flexible and valuable addition to their property. I do think that it’s also crucial to take into consideration your personal needs/goals, the homes location, its orientation on the lot and the street, and how that relates to the amount of capital its worth investing.

I love ADU’s, and I love talking about ADU’s. Please feel free to reach out if you are interested in discussing purchasing a home to add an ADU, or if you just need some assistance. I’m always happy to be a resource.
Please note this information is only current 6/28/2018, please check the most up to date information for yourself.

Carson Mead

Broker & ADU Specialist

My first introduction to the world of real estate came in 2004, when at the age of 22 I bought my first home in NE Portland with my sister. I still remember what a monumental life transition that was. Buying my own home laid the foundation for a lifelong love of all things related to houses. I enrolled in a year-long Building Construction program to gain more knowledge in housing systems and techniques. I have used those tools to enhance my own home both inside and out. I joke that my favorite part of a house is the basement, as that’s where I can see the health and maintenance of a home’s systems: plumbing, electrical, HVAC, foundation etc. While a home inspector is the professional on helping to understand the story of a home, I like to provide as much due-diligence as possible up front before you spend the money and get into contract. Ultimately my goal is to meet you in any endeavor that you are wanting to undertake. If you are looking to sell, I will develop a strategy that makes sense for you with your goals, timelines and marketing strategy. If you want to invest in your home before going on the market, we’ll look at what you can do to maximize your profit: be it refinishing floors, painting, modifying light fixtures, and getting it staged. If you need to stay in your home while selling, I’ll bring in my stager to help get perspective on how to pare down the feel of your home and have tangible goals to achieve in getting ready to go on the market. If you are looking to invest in Portland real estate, we can talk about the big four in analyzing properties. Rental income, principal reduction, equity growth and tax benefits. I work with spreadsheets to outline these assets so you can see the short and long term performance of your investment. Once last piece of my professional and personal life that I spend a lot of time thinking about are ADU’s (Accessory Dwelling Units). Also known as mother-in-law units and granny flats, these can be detached or attached. When I see a home, I look at the property in detail to see how the home is oriented on the lot and if it is ripe for a detached ADU (new construction), or if it is a good prospect for creating an attached unit (a basement apartment). I also look at the zoning to see what kind of potential this could add. I am in mid-process building my own detached ADU. The structure is going to be modern with clean lines and open concept. I live on a corner lot, which means the ADU can have it’s own street entrance. I also have zoning which will allow me to split the lot if I choose and sell it separately at some point. My plan is to keep it as a rental, but this will create a lot of flexibility both short and long term. I am a cooperatively focused broker, with a passion for helping people achieve their goals and succeed in their endeavors. I am patient, understanding, trustworthy, and truly care about your best interests. I serve on my neighborhood association board and the larger Northeast Coalition of Neighborhoods. Please let me know if you'd like to share a beverage, coffee, tea, beer/wine to talk about what’s important to you and see if it would be a good fit to work together. All the best— yelp
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