When considering if a laundry room will increase the value of your home, there are a few things you should take into account. The National Association of Realtors’ 2019 Remodeling Impact Report found that homeowners who added a laundry room to their home saw a 70% return on investment. The report also found that laundry rooms were one of the most requested features by homebuyers.
While a laundry room addition will undoubtedly increase the value of your home, the size and scope of the project will affect the overall cost and ROI. A small laundry room with just enough space for a washer and dryer, some shelving, and a folding counter will be much less expensive to add than a larger laundry room with all the bells and whistles.
When planning a laundry room addition or renovation, be sure to consult with a real estate agent or home appraiser to get an accurate estimate of how much value the project will add to your home.