Rental Property Improvement Tips: Why You Should Add a Washer and Dryer

[Enrique Jevons]

Landlords often debate whether it’s worth including a washer and dryer in their rental units. While it's not a requirement, adding these appliances can be a smart move from a long-term investment perspective.

Key Reasons to Add a Washer and Dryer

1. Improve Tenant Satisfaction

Tenants value convenience. By providing in-unit laundry, you're showing that you care about their comfort. This can lead to higher tenant retention and fewer vacancies.

2. Make Your Property Stand Out

In competitive markets, small upgrades make a big difference. Since many landlords don’t offer laundry appliances, your property will stand out to prospective tenants and may even justify a higher rent.

Cost Considerations

New Set: Starting around $1,000, new washers and dryers usually come with warranties and minimal maintenance needs.

Used Set: Available for as little as $500. Just ensure they’re in good condition and ideally come with a warranty.

Whether you go new or used, reliability is essential. A non-functioning appliance quickly becomes a liability.

Final Thought

Adding a washer and dryer may seem optional, but it can significantly improve your property's value, attract quality tenants, and reduce turnover. All of this contributes to a stronger return on investment.