We have a house with a slab on grade and no basement. It will be a rental for a while and we'll eventually sell it. The washer-dryer hookup is located currently in the kitchen which is rather small. We can take it out to the oversized garage but it would require: building an insulated room in the garage, sawing through the slab, installing new drain lines and running plumbing out to the garage, new flooring where the slab was sawn/removed/replaced. The price tag would be $5k. Advantages: more space in the kitchen, more appealing kitchen to renters (or buyers when we eventually sell), maybe could justify $50/mo more rent with the perceived larger kitchen. Disadvantages: cost.
If we want to EVER do this, now is the time while the contractor has other stuff torn apart.
If it is only a crunching numbers decision, it doesn't make sense to do this as a rental. We may sell in 10 years though. Would it make sense if this were a flip?
@Anna Milligan Tenants will rough up your property over the next decade. If you want to move it prior to a final “refresh” pre-listing then do it then. I don’t think you’ll get any kind of ROI over the next 10 years. Just one guy’s perspective 🤷🏻♂️
Agree with Andrew Johnson
Seems like a lot of work for small return. I'd rather toss 5k in my bank account for buffer against an unexpected problem. Then in 10 yrs if I still wanted to sale consider doing it among the likely other things I'd need to do.
i would only suggest it if the kitchen is unbearably small. if it is big enough that tenants will be comfortable enough then leave it there, but if it is so small that it will increase turnover, then moving them may be beneficial. otherwise, I agree with above comments
Are they side by side washer/dryer now? What about building a closet and doing a stackable. I stayed in an apartment years ago with a stacked washer/dryer in a closet in the kitchen. It worked well and wouldn't have swayed me away from renting it the way it was. I stayed in an apartment with a washer/dryer closet in a hallway next to the bedroom and it didn't make any bit of difference. If I were buying the home, it would make me think twice about purchasing however.
Somebody lived in the house and it worked , keep the money in your pocket