Worth it to invest in a washer & dryer?

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.

likemike

in Appliances 13 years and 4 months ago

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needmtg | 13 years and 4 months ago

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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.

likemike | 13 years and 4 months ago

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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?

jad2k | 13 years and 4 months ago

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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.

daveinbedstuy | 13 years and 4 months ago

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Going to the laundromat is so 99%

sobrooklyn | 13 years and 4 months ago

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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.

hooky | 13 years and 4 months ago

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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.

elbow | 13 years and 4 months ago

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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.

likemike | 13 years and 4 months ago

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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.

Putnamdenizen | 13 years and 4 months ago

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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.

RBCG | 13 years and 4 months ago

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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.