2016 Hill Day Series: Condominium changes could add needed housing

In recent years, condominium construction has lagged significantly, just as the demand for more affordable owner-occupied housing has increased in the Puget Sound region. REALTORS® seek a solution to this disconnect between market demand and depleted supply.

Many believe a simple change to the state law regarding construction defect claims would boost condominium construction to better meet consumer demand. REALTORS® support a bill, SB 5961, which would require that a developer be notified of, and have the opportunity to inspect and remedy, any construction defects before an owner could bring a lawsuit.

Developers currently favor apartment construction, rather than condominiums, because of the increased liability incurred in condominium construction under current state law. The proposed change does not limit a consumers right to sue for construction defects, but does require prior notification and a cure period for resolving construction disputes.

2014 Seattle King County REALTOR® President Joan Probala met with Senator Steve Litzow (R-41) to discuss the need for housing options in King County. The Senator voiced support for a solution that would promote condominium construction to meet the need for housing more affordable to first-time buyers.

Senator Steve Litzow, 2014 SKCR President Joan Probala, and SKCR CEO Russ Hokanson at Hill Day

Senator Steve Litzow, 2014 SKCR President Joan Probala, and SKCR CEO Russ Hokanson at Hill Day