W/D Rule impact on value

Not necessarily. There are so many buildings that garner fantastic prices and never is a w/d allowed. Hopefully the laundry room is over the top fabulous. :)

It just rules out certain buyers.

W/d was a must for me. I would find it odd having a high end unit (if that is aim) and no w/d. Disaster is a bit strong though.

I think it's maybe a tougher sell for people w small kids. I really don't like to have someone else do my laundry, particularly my families underwear. I have some sense that this squeamishness defines me as hopelessly middle class (or erstwhile working class). That said, I think location, size, charm and in-line to low maintenance trump laundry.

Ugh family's

We only considered apartments with washer dryers (or buildings that allowed installation), but that really narrowed our options during our search. We were willing to pay a large premium for one. However, I'd say we are in the minority.

unit with washer/dryer is worth at least 100K more than the one doesn't.

shared washers are very dirty, full of virus and germs

I follow the Chelsea/West Village walk-up market (out of self-interest since I own in one). I have no hard data, but my perception is that washer/dryer units seem to sell faster, and buildings with no laundry room AND no washer/dryer permitted seem to linger.

My building does permit installation of washers and dryers. When we bought, only one unit had a washing machine -- and it was one that hooks up to the sink. We were the first to actually put in separate, full-size, plumbed and vented machines. Two of my other neighbors had appparently tried combo units that run off of 110v years ago and got rid of the machines.

The year we spent without any washer and dryer in the building was miserable -- I'll never do it again.

Even if it's "in the building" it's still no picnic.

I hate gathering up two weeks' worth of dirty clothes, linens, towels, etc. ... going through the whole sorting and pre-treating process ... stripping the bed ... dragging it all down to a filthy basement ... only to see that not only are all the machines in use, but there's a line. Now a project that should have taken 90 minutes is now going to take four hours.

I hate sharing.

I particularly hate sharing when I finally get to the machines, and there's hair -- pet hair, human hair, whatever -- everywhere.

I hate having to shorten the life of my clothes because I have to wash *everything* with bleach and on "hot" -- and of course setting the dryer on the hottest setting just under the point where the clothes catch on fire -- because God only knows what was in those machines before mine.

to NYCMatt, there is public hair as well

Re: to NYCMatt, there is public hair as well

keep that hair covered!

Pre run the washer on hot with a gallon of bleach, then you are all set for your cycle to come next.

just think of all the exhale you are inhaling with every breath you take, Matt

5% premium sounds about right.

http://www.nytimes.com/2013/01/31/garden/market-ready-adding-value-with-a-washer-and-dryer.html?_r=0

A. Installing a washer and dryer “certainly adds value,” said Adrian Noriega, an associate broker with the New York real estate company Core. “You could increase the asking price up to 5 percent.”

Particularly in Manhattan, where apartments with laundry equipment can be hard to come by, he said, “a washer and dryer are considered a premium.”

Well, if the cousin of former Panamanian dictator Manuel Noriega who became an associate broker with a boutique agency says so, then it's a 5% premium.

5%?

Bullshit.

A private washer and dryer is worth $350K, regardless of the price of the apartment.

$350K?

Bullshit.

A private washer and dryer is worth at most $200K, regardless of the price of the apartment.

Aboutready, did your place come with a Washer / Dryer, or just the hookup?

My building has a laundry room and my unit is a grandfathered washer/dryer allowed.
And yet I still send my laundry out. It costs close to the same but what Im really paying for is to have my laundry sorted and folded.

Like Fieldzy says, it just rules out certain buyers.

Impact on value? Zero.
Those who absolutely feel they need it wont buy at all, wont even look and bid on a place.
They would treat the unit like its in a neighborhood they wouldnt live in.

Could possibly affect a little bit on the 3 bedroom plus crowd where I could see a much greater demand for it.

Well truth, if you are ruling out buyers you are necessarily decreasing demand. I recall that demand has a bearing on price. I would think on that basis alone it must have a small impact in terms of percent, maybe a 3% value or something. I.e. two equal places how much would you truly pay to have?

What if you have an illegal W/D? What is the difference in value?
http://streeteasy.com/nyc/talk/discussion/36379-illegal-washerdryer

Things that are illegal generally cost more, so clearly it would raise the value by 10% at least.

Matt: "A private washer and dryer is worth $350K, regardless of the price of the apartment."

even if it's in Canada, er, um, I mean Washington Heights?

"A private washer and dryer is worth $350K, regardless of the price of the apartment."

My market rate apartment rents for about the same price as the equivalent at a next door market rate one, both new doorman ones. Mine is slightly larger with W/D, the one we did not take has a free shuttle to and from the subway. So no way is it worth $350k.

>even if it's in Canada, er, um, I mean Washington Heights?

So funny.