What is the market acceptance of in-unit laundry products?
Condensing, vent-less dryers and combination laundry products have been popular in Europe and Asia for decades. The demand for more efficient laundry equipment increases daily as Americans become more energy-conscious. Major developers and management companies have been installing combos and separate machines such as condensing dryers in their communities for several years. Demand will continue to grow as in-unit laundry becomes more of a marketing requirement for upscale communities. • How will in-unit laundry affect the net income of my multi-family properties? Surveys in the metropolitan Washington DC area have shown rent increases of $40-$100 per month with the inclusion of in-unit laundry; condominium values increase from $5,000-$15,000 per unit. Net utility costs may actually go down if you currently have shared laundry facilities. Water costs will stay about the same; even though more loads are likely to be washed, the machines are so efficient that water usage will not increase
