One amenity people frequently look for, whenever they are looking at apartments to rent, is whether an in-unit laundry is included. When you do not offer this feature, you run the risk of losing potential renters, as many people want the flexibility to be able to wash a load of clothes, but not have to take time out of their busy schedules to sit in a shared laundry room while waiting on their clothes. Adding a LG washer and dryer to your units allows you to provide this added service. There are a variety of different models available to deal with space limitations and venting. For example, a stackable unit places the dryer on top of the washer and can easily fit into a utility closet. Ventless dryer options are available on certain models, so the only connections required are the hot and cold water lines and a drain line.
Installing a LG Washer and Dryer Lets You Charge More for Rent
You can increase the amount you charge for rent by adding a LG washer and dryer to your units. Rental rates for units with washers and dryers are typically more per unit and range from $40 to $100, or more. Resident retention rates are also higher, for apartment complexes featuring an in-unit laundry. By being able to retain your current residents, you keep rental occupancies higher, which translates to your bottom line and keeps revenues more consistent. Further, you make your property more attractive to new rental customers and are able to significantly increase your property’s value and capitalization rate.