FJS Distributors: Ventless Laundry Store

How will in-unit laundry affect the net income of my multi-family properties?

Surveys in the metropolitan Washington DC area have shown rent increases of $40-$100 per month with the inclusion of in-unit laundry; condominium values increase from $5,000-$15,000 per unit. Net utility costs may actually go down if you currently have shared laundry facilities. Water costs will stay about the same; even though more loads are likely to be washed, the machines are so efficient that water usage will not increase substantially. Electricity bills may well go down, as you are paying all utilities for a shared facility, and the resident is probably picking up the electric bill for the in-unit machines. Even if you are paying the electrical costs, the efficiency of these machines will keep energy costs down.

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