Yes, adding a laundry room can indeed add value to your home. A well-designed laundry room is a highly sought-after feature for many homebuyers, making it a valuable addition to your property.
It's no surprise that adding a laundry room increases the value of your home. Homebuyers list a dedicated laundry room as necessary when purchasing a home, as it has become a staple in new builds.
Yes, a thoughtfully designed laundry room can boost your home's resale appeal. Today's buyers appreciate functional spaces that simplify daily tasks, and laundry rooms are no exception.
A mid-level laundry renovation may cost anywhere from $5,000*-$50,000*. On a mid-level budget, you could consider converting part of the garage or adding a laundry room as part of a kitchen or bathroom makeover.
If you are building a 12x12 four-season sunroom, you can expect project costs in the $25,000 - $50,000 range. The same logic can be applied to four-season rooms regarding starting from scratch and filling in under an existing porch.
Pro: Closer to the Bedrooms
Bedrooms tend to be located upstairs, which means upstairs laundry rooms are closer to the closets and dirty clothes. Many people like this option because it means you don't have to haul loads of laundry up and down the stairs.
A well-organised laundry area is an essential element in any home. Here's why: Time and Energy Savings: A dedicated laundry area with everything you need makes the clothes washing process more efficient, saving time and energy.
A laundry room on the first floor may not be a “must have” for potential home-buyers, but it could be the very thing to nudge a prospective buyer to favor your home over another. If you're in charge of the washing, take a look at these ideas where to place your first floor laundry room.
Laundromat ROI
Laundromats can net around 20-35%, while other businesses typically see only 10-15% ROI. To give you an idea, if you invest $200,000 in opening a laundromat, you can expect to make $40,000-$75,000 in profit. It's a smart investment with a great ROI.
Top Home Improvements to Boost Property Value
Revamping your kitchen with sleek new appliances, crisp countertops, and stylish cabinets can net a whopping 102% return on investment when you sell your home, the National Association of Realtors reveals.
According to some estimates, a laundry room can recoup up to 77% of the renovation price tag when it's time to sell. However, this can vary quite a bit. A major renovation that replaces countertops, adds built-in storage solutions, and replaces your appliances will add more value – but will also cost more up-front.
If you're considering selling your home, updating old appliances may be a great step to help bring in buyers and raise your home's value. On the other hand, some buyers prefer to customize their new home with appliances of their choice.
Putting a laundry room near your kitchen is a popular choice. This works particularly well in an open-floor-plan or one-story home. It keeps the laundry room near the areas of your home where you are living and working every day. Be sure to give the laundry room doors so you can contain any laundry-related clutter.
Custom closets, including both reach-in and walk-in varieties, along with other custom storage solutions like pantries, mudrooms, and garage storage, can significantly boost a home's appeal to potential buyers, thereby enhancing its market value.
Beyond their obvious utility, laundry room sinks add value to your home in numerous ways. They provide a convenient spot for hand-washing delicates, treating stains, and even cleaning up after crafts or gardening without cluttering your kitchen or bathroom.
Having a designated second-floor laundry room is an excellent way to save time and make laundering easier. One of the pros of having a second-floor laundry is not having to lug baskets of clothes up and down stairs every time they need to be laundered.
The first floor is a central area, and everyone will always come through the front door that's close to yours. Higher rent: Most people prefer to rent the first floor, so choosing a first-floor apartment could mean higher rent because there's higher demand.
Having your laundry room addition a few rooms away will ensure no dirty clothes near where you sleep and no loud noise and heat while washing and drying clothes. A separate space will increase your home value.
Laundry rooms are not considered rooms. Closets, no matter how large, are not rooms, nor are computer nooks. While it is common to see listings for “3-bedrooms, 2-bath homes,” the bathrooms are not included in total room count.
Let's start with what many designers say is the best location for a laundry room: off the kitchen in its own room. Pros: The logic is that most people spend the bulk of their time in the kitchen, and kitchens tend to be on the main level of the house — also where most of our time is spent.
The national average cost to remodel a laundry room is between $4,000 and $12,000, with most people paying around $7,000 for a 35 sq. ft. laundry room with mid-range upper and lower cabinets, a laminate countertop, and front-loading appliances.
A laundry room that is located too far away from living and working areas such as the kitchen is inconvenient and adds even more work to laundry day. Keep the laundry room within a realistic distance of the areas of the house where you work and relax.
On average, homeowners can expect to spend between $5,000 and $10,000 for a small laundry room addition. This estimate typically includes the cost of construction, plumbing, electrical work, and basic finishes. If you're considering high-end appliances or custom cabinetry, the cost may increase.