We  recently conducted a survey of people who are currently seeking rental housing, with the goal of determining what potential tenants are looking for when searching for a place to rent. One of the results that stood out to us is the importance of having an in-home washer and dryer.

When asked, “How important is having a personal washer and dryer when searching for a place to rent?” 40% of respondents selected “Very Important.” When we add respondents who selected “Important” as well, that rate becomes 66%. If your rental already has washer and dryer hookups, why run the risk of excluding 66% of rental seekers? Below are some benefits to adding a washer and dryer to your rental – and you may even make extra money in the process!

1. If a washer and dryer are really “Very Important,” at least 40% of potential tenants would be willing to pay extra for them. If you don’t have a washer and dryer currently, advertise it as an option for an extra $25 per month. A full-size washer and dryer at a used appliance store will run about $400, which means that the tenant will buy it for you within 16 months. Everything after that is money in your pocket.
2. The washer and dryer is not only an asset but also a tax write-off.

Tags: chase foreclosure, Chase Real Estate, christian chase

This entry was posted on Thursday, October 29th, 2009 at 10:00 am and is filed under Landlord . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.