5 Benefits of On-Site Laundry for Your Apartment Complex

Did you know that there are around 44 million households who rent their homes or apartments?

While many of those apartment complexes have laundry on-site, many don’t. This can be a deal-breaker for many renters.

If you are a landlord and building owner, you may want to rethink advertising your apartments with laundry to attract more renters.

There are so many reasons to do this and have on-site laundry! Here are just a few of the reasons to do it.

1. More Attractive to Renters

If you put an on-site laundry room in your apartment, your apartment becomes much more attractive to renters. An apartment complex without laundry means that they will have to find a laundromat and either walk or drive there. This can add a lot of stress and time to someone’s day.

When your apartment becomes more attractive to renters, you will fill your apartments longer. You also will have return tenants come back for another year because of the convenience.

2. Charge a Premium

When you have apartments with laundry, you can also charge a premium. Because of the convenience factor, people will be willing to pay more for the apartment.

Tenants are aware of the stress and time that going to a laundromat can provide and are willing to pay so that they don’t have to do that!

3. Cost-Savings for Tenants

If you want to get more tenants, you can advertise your property with on-site laundry because people are aware that they will save money if the laundry is on-site. This is because they won’t have to pay for transportation as well as the laundry at a laundromat, which can be quite costly.

4. Additional Revenue for You

As a landlord, having laundry on-site can be a long-term investment. Although you have to put everything in at first and spend money on that, you will eventually generate extra income because of the tenants using the facilities. You can either charge for the laundry or add an extra fee into the monthly rent.

5. More Security and Privacy

Using on-site laundry rooms can provide a sense of security for your tenants. Instead of having to go off-site and do their laundry with a lot of other people, they are able to stay in the privacy of their own building to do it.

This means there is more convenience as they don’t have to get dressed, can do it late at night, or early in the morning.

There is more flexibility for the tenants in this way.

Benefits of Apartments With Laundry

There are so many benefits of apartments with laundry on-site! From adding an additional stream of revenue to giving your tenants more security and privacy, there are many reasons to do it.

If you think this is the way that you want to go with your apartment complex, you can request a quote from us today at FMB Laundry.