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Worth it to invest in a washer & dryer?

11:18 AM 03/02/2012

 

So I own a condo that has a washer & dryer hookup but it doesn't have a washer & dryer. I did the calculations and as a single person living in my unit, I would have to live there longer than 10 years to recoup the costs of taking my clothes to the laundromat (for the kind of front-loading washer & dryer I'd want..which is close to $2k). Plus it's good I don't have one, because I can use that closet for storage space.
Now the question is if I were to sell this place in the next few years. Can I factor in the W&D into the asking price if I owned one? And omit the price of it if I didn't own one? Are units that have W&D more likely to sell compared to those that don't? I'm wondering if I should bite the bullet and buy it now and make my life more convenient if I could recoup the cost of it anyway at selling.

 

 

21 answers
  • vote

    2k! Them's some fancy washing machines.
    I paid about $1100 for my stackable pair from LG, very happy with them . Not sure what one would gain for the extra grand.

    11:27 AM 03/02/2012 | 0 Votes

     

     

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    Have you ever lived as an adult with an in-home w/d?  It is so much better than having to take your laundry out.  

    11:36 AM 03/02/2012 | 2 Votes

     

     

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    I've seen the stackable pairs also. But I've heard the front load ones are more efficient and use less water.
    Well there's a laundromat downstairs where I live, so I'm used to it at this point. There's nothing like convenience when there's a storm or blizzard outside I agree.

    11:41 AM 03/02/2012 | 0 Votes

     

     

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    Buyers probably won't put a specific dollar value on having the w/d, but some people will walk away from a place without one, or the possibility of easily hooking one up.

    11:56 AM 03/02/2012 | -2 Votes

     

     

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    Definiitely get the Washer Dryer. Get the stackables, like rbcg suggests. I lived with those for years in my old coop and they were awesome. I have the big 2k units now... just upgraded, and while they're nice, you really don't need to go that extra mile if it's a financial stretch for you.

    12:26 PM 03/02/2012 | 0 Votes

     

     

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    I don't understand why when people do these "calculations" they place no value on the intangible.  Get the w/d.  After having one in my home, I can't imagine having haul my laundry to the laundromat.
     

    12:58 PM 03/02/2012 | 0 Votes

     

     

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    Going to the laundromat is so 99%

    1:42 PM 03/02/2012 | 1 Votes

     

     

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    Yes, it might run you about $2K if you need a ventless electric dryer. There are only a few brands that make those. I went with an LG for my place, it's stackable and front load, and by the time you factor in tax, delivery, installation and warranty (if you get the warranty) it will come a bit over $2K. If you buy it from some place like PC Richards or Best Buy, and you are worried about the cost, you can get a store card which will have no interest for the first 12 months so you can pay it off before the interest kicks in.
     
    I think it's WELL worth it if you ask me. The convenience completely outweighs any calculated cost savings from having to lug your stuff to a laundry matt. I'm a serious believer in "time is money"! Having the w/d in the apartment is even FAR superior to having an in-building laundry room—no waiting for an open machine, trying to time the wash cycles so that no one touches your stuff LOL.  Also, since the LG units are stackable so you’ll probably have space in the closet even with the w/d. 

    1:45 PM 03/02/2012 | 0 Votes

     

     

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    Ok, you guys have done pretty good in convincing me to get one. Would you guys recommend I buy an extended warranty? Lowes has a 2 year and 4 year plan. Or is it simply not worth it?

    1:48 PM 03/02/2012 | -1 Votes

     

     

    Comments (1)

    • not worth it. we had stackable whirlpool front loader and gas dryer in our old apartment and they were great.

      4:28 PM 03/02/2012

          
  • vote

    Accoording to Consumer Reports, extended warranties are never worth it. Having had various appliances over 30 years fail, repaired and replaced, I'd still agree.
    Also consider the LG washer-dryer in one, it's about $1300, 110v condensation dryer.

    2:29 PM 03/02/2012 | 0 Votes

     

     

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    I would get the extended warranty, we had the LG washer/dryer combo, (and still would, if we hadn't moved to a place with no hook up). Anyways, on year three, the water pump thing failed, which is apparently very common. With the extended warranty, we paid nothing for the repair. My friend had the same machine and the same issue and paid about $400. I really like the combo unit, and I miss it terribly.

    2:41 PM 03/02/2012 | 0 Votes

     

     

  • vote

    Unfortunately since the W&D hookup closet is only 24" wide, I can only accomodate a small selection of W&D. So far I have these 2 choices to choose from if I'm avoiding the 2-in-1 type of W&D. One is HE and one is not, any thoughts if HE is worth it or not? The latest non-HE ones use less or as much water as HE I noticed.
    http://www.homedepot.com/Appli...
    http://www.lowes.com/pd_354613...4294857975_4294937087_?productId=3358796&Ns=p_product_qty_sales_dollar|1&pl=1&currentURL=%2Fpl_FrontLoad%2BWashers_4294796368%2B4294857975_4294937087_%3Fpage%3D1%26Ns%3Dp_product_qty_sales_dollar%7C1&facetInfo=

    3:52 PM 03/02/2012 | 0 Votes

     

     

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    you can also try and appliance store, we used J&R in park slope. their prices are competitive and I'd much rather keep my money in local business than a box store. They also are very familiar with machines since everyone in the neighborhood has similar (small) space.

    4:31 PM 03/02/2012 | 0 Votes

     

     

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    you can also try and appliance store, we used J&R in park slope. their prices are competitive and I'd much rather keep my money in local business than a box store. They also are very familiar with machines since everyone in the neighborhood has similar (small) space.

    4:31 PM 03/02/2012 | 0 Votes

     

     

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    I think you should do what you want for you, as I do not think it will factor into your resale price at all. the value of your apartment will be mostly determined by whether the market has gone up or down.  while major renovations will affect the price a lot, a small improvement, like a wd, will not.  what will factor into the price is that you have the hookup already, so people know they can buy on and easily install it. I do not think you can see it as an investment.  Unless it is really, really, new, buyers will not see it that way either.  In a few years, todays flashy new models will seem dated.  Many would rather have the excuse to buy new ones.  and some have ocd tendencies about using machines others have used...hence fears of the laundromat and having others potentially touch their clothes.,

    4:51 PM 03/02/2012 | 0 Votes

     

     

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    I would install one when you decide to sell.  It is still valuable to be able to say that there is a WD hookup -  but if you plan to fully price your unit it is better to attract people who like everything done for them.  Definitely an intangible feature to have one fully hooked up and ready to go - its not going to be some kind of investment recoup calculation like a kitchen or bathroom.  If you don't need one now, don't install it.  I hate the HE units, the front loading seals get moldy and you need to clean them with bleach regularly (our mold stains don't go away even with scrubbing).  You might have to deal possibly with issues such as vibration, leaks, water hammer, you never know!!  If you like the worry-free laundromat, and don't care what its like to leave your clothes int he washer or dryer to find them 3 days later, don't sweat it.  

    6:57 PM 03/02/2012 | 0 Votes

     

     

  • vote

    I recently purchased a 24" GE front loader for around $800.  I priced them several places (PC Richard, Lowes, HD, etc) and the only thing cheaper was a Whirlpool which seemed kind of  flimsy (and I was replacing a Whirlpool top loader that I had for 19 years that had just failed for the first time so I was pro Whirlpool going into it).  Those small units get pricey.  The next price up was close to $1000 and went up from there (LG, Bosch Miele).  I've had the GE for about 4 months.  Probably the most exciting thing was when I put in a bunch of silk scarves on the handwash setting and they actually came out as if they had been hand washed and not shredded.  I didn't buy the dryer since the Whirlpool dryer was still working but I just might go for it soon - be nice to have a matched set.

    7:09 PM 03/02/2012 | 1 Votes

     

     

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    I agree with posters above. I can't imagine going to the laundromat after owning a w/d all this time. I just got a new LG washer/dryer combo on appliancesbuyphone.com, no tax or delivery charged, and their prices are lower than other places I've researched.

    9:31 PM 03/02/2012 | 0 Votes

     

     

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    I was just going to say exactly what Brokelin has already said. The important thing is that the apartment has a hookup. The actual w/d won't affect anyone's purchase decision or the price, particularly if it's not brand new. Buy a w/d because it will enhance your life. It's got nothing to do with the value of the apartment. Happy to hear that Heather and CMU are so pleased with their LGs. We were considering one, and I respect their opinions.

    12:38 AM 03/03/2012 | 0 Votes

     

     

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    Oh, wait a minute. Are you talking about a Bosch or a Miele? Those are luxury brands. Maybe it would enhance the value of the apartment just a teeny bit, like a Viking stove or a Sub-Zero fridge. Or at least make it sell more quickly. All other things being even. Though perhaps people care more about luxury appliances in the kitchen where they can be seen than in the laundry closet. Our boiler is the shiniest and most expensive thing in our house, it's a shame we can't put it in the living room.

    12:42 AM 03/03/2012 | 0 Votes

     

     

  • vote

    ROFL, are you serious?
    the return on investment depends on how much you usually make an hour.
    take all that laundromat waiting time into account and your investment recoups after 1 year latest.
    If you are worried about the money you spent, just take the appliances with you into your next home.
    The resale value after 10 years is $ 0,00

    5:01 PM 03/04/2012 | 0 Votes

     

     

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