SEATTLE--(BUSINESS WIRE)--Abodu, the leading builder of backyard homes - also known as detached accessory dwelling units (DADUs) - today announced its expansion into the Pacific Northwest market, debuting in the greater Seattle area. This is the company’s first expansion outside the state of California. After completing a pilot period in the area, the company announced that it has successfully installed four units in Seattle with dozens more planned for the year. Abodu has an office in downtown Seattle, a growing team of Seattle-based employees (and is hiring) and a showroom lot with two of its backyard homes available for in-person tours.
This strategic expansion comes four years after the company launched in 2018. It has raised a total of $25 million in equity funding to date from top investors, including Redfin CEO Glenn Kelman, and is gaining significant momentum and success in California. The company has served hundreds of homeowners and delivered more than 100 homes in 35 cities across Northern and Southern California. Since its inception, the company has worked with dozens of cities to expedite permitting, which enables delivery of Abodu units in as little as 30 days from permitting to delivery. Abodu has been growing rapidly, with a 3x increase in sales in the past year alone.
“We’ve had our eye on the Seattle market for years,” said John Geary, co founder and CEO of Abodu. “Similar to California, homeowner interest in DADUs has only continued to grow in Seattle. Now Abodu is applying learnings from our success in California to provide the best DADU services to Seattle’s residents.”
The company has built a strong relationship with the city of Seattle as one of its Pre-Approved Detached Accessory Dwelling Unit (DADU) Plans. This program allows residents access to beautiful prefabricated DADUs with an expedited permitting timeline of 2-6 weeks, since the structural review is already pre-approved and completed. Now Seattle residents will have access to beautiful backyard DADUs that can expand a property’s livable space and property value, at the fastest rate possible.
“Seattle residents can benefit greatly from adding an Abodu DADU to either their own personal property or an investment property,” said Abodu homeowner Jennifer Nelson. “Abodu allowed me to add yet another stream of income to just one investment property, handled everything from soup to nuts and demystified the process, all while leaving you with an incredible product that can serve so many purposes.”
Abodu’s backyard homes are built off-site, delivered to your property and air lifted via crane into your backyard in a matter of hours, ready to move in. This means onsite construction only lasts about four to six weeks (versus months of disruption and construction mess). After purchase, Abodu’s concierge service handles everything from property assessment to permitting and setup, giving you updates along the way through the Abodu app. Pricing is upfront and transparent, starting at an all-in price of $228,900 (before taxes, fees, and custom site-specific work) which is locked in before your build begins. Abodu’s homes are a less expensive and quicker method of adding to Seattle’s housing stock, compared to upwards of $500,000 and years to custom build a detached DADU. Abodu currently provides three standardized and customizable options including a studio (340 sqft), one-bedroom (510 sqft) and two-bedroom (600 sqft) layout. All selections come with timeless aesthetics based on Scandinavian design and premium materials.
Abodu is the leading builder of backyard homes, also referred to as accessory dwelling unit (ADUs), and offers a fast and predictable way to install secondary backyard housing units. Founded in July 2018 by John Geary and Eric Mclnerney, Abodu offers three unique products and is the fastest end-to-end ADU provider, helping buyers navigate the regulatory hurdles and construction challenges that come with building a backyard home. Abodu’s prefabricated ADUs are currently available in Northern California, Southern California and the Pacific Northwest. Abodu has acquired roughly $25M in equity capital and is backed by top investors including Norwest Ventures and Initialized Capital. For more information on Abodu visit www.abodu.com