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Is It Worth Doing a Laundry Room Remodel?

By Lucy Maher · April 12, 2021 · 4 minute read

We’re here to help! First and foremost, SoFi Learn strives to be a beneficial resource to you as you navigate your financial journey. Read more We develop content that covers a variety of financial topics. Sometimes, that content may include information about products, features, or services that SoFi does not provide. We aim to break down complicated concepts, loop you in on the latest trends, and keep you up-to-date on the stuff you can use to help get your money right. Read less

Is It Worth Doing a Laundry Room Remodel?

Laundry rooms are the workhorses of the home. They’re also often sandwiched into small spaces, or in areas of the home that aren’t all that convenient, causing some homeowners to consider a remodel.

Whether you should undertake a laundry room remodel depends on what you plan to use it for, its size, the kinds of appliances you need, and any special décor touches you’d like to add.

A remodel might be worth it if it creates a perky and efficient space or creates a room that has a dual function.

Before Starting Your Laundry Room Remodel

If you’ve been thinking about giving your laundry room a clean start, you’ve probably got a lot of ideas and inspiration swimming in your head.

Before embarking on your project, you want to really think through what you’re hoping to accomplish by asking yourself the following questions.

What’s the Scope of the Project?

Some remodels involve small improvements like new paint and cabinetry, while others call for tearing through walls, moving plumbing, or even relocating your laundry room to another area of the home.

Appliances should also be addressed. Will you need a new washer and dryer, or do you plan on using the ones you currently have?

What Do You Plan to Use Your Laundry Room For?

While most laundry rooms are used solely for handling laundry, others also act as mudrooms and storage for cleaning supplies, sports gear, and bulk shopping items like bottled water, paper products, and even pet food.

What your laundry room is used for will affect the laundry room remodel ideas available to you.

How Often and When Do You Do Laundry?

If you have a large family and do frequent washing and drying, that will influence the design of your new laundry room. You may need ample counter space for folding, for example, a fold-down ironing board, or bins to hold each person’s clean clothing.

If you tend to do the laundry during the day, you may consider adding a window. Are you more of a nighttime launderer? Under-cabinet lighting may help weary eyes.

What Are Your Must-Haves?

Some homeowners struggle with disorganization and need bins and baskets to keep things tidy. Others are looking to add features like a sink, or build out their laundry room to accommodate more counter space.

Whatever your desire, it’s a good idea to list what you can’t live without so you can build them into your budget.

How Much Can You Spend?

The scope of your project will dictate your budget and how you plan to pay for your remodel.

Some homeowners, seeing a laundry room remodel as a way to increase their home’s value, may opt to borrow to pay for the project. Others may choose to keep things scaled down so they don’t spend beyond what they have on hand.

Recommended: Home Improvement Cost Calculator

Laundry Room Remodel Ideas

Now that you’ve got the foundation of your project mapped out, it’s time to envision how your laundry room remodel will take shape. That will depend on the following factors.

If You Have Limited Space

Small laundry rooms can still pack a punch, thanks to creative ways to maximize your available space. You can do that by tucking laundry baskets under counters, adding a rod under cabinets to hang clothes, and using wall space for hooks to hang laundry bags or baskets that can hold clothespins, detergent, and dryer sheets.

Don’t forget that laundry rooms don’t need to be true rooms; if you’re short on space, consider tucking your washer and dryer into an unused closet and installing a farmhouse door for easy access.

Depending on its size, you can then use the prior laundry room as a guest room, home office, nursery, or kids’ playroom.

Recommended: Closet Remodel Guide

If You’ll Be Using the Room for More Than Cleaning Clothes

The list of ways to use a laundry room is endless, and will largely depend on each household’s needs.

•   Got a large dog? You might consider installing a pet-washing station, especially if you are already planning on undertaking plumbing work.
•   Need a quiet place to conduct conference calls at home? A fold-down workstation meets both needs.
•   Larger families may tuck an additional fridge in the laundry room.
•   People who love to entertain may find storage for plates and glassware in the laundry room.

Your Budget

A laundry room remodel can quickly add up if new plumbing, cabinetry, and construction work are involved.

If you find yourself running beyond what you’re willing to spend, think of creative ways to get the laundry room you want without breaking the bank.

That might entail painting cabinets instead of replacing them, using open shelving instead of custom built-ins, and opting for durable paint in place of tiled backsplashes.

Recommended: Easy Home Improvement Projects for Beginners

DIY vs. Calling In an Expert

Many homeowners are comfortable with do-it-yourself projects. In a laundry room remodel, these might include painting, replacing cabinetry, and installing shelving and hanging rods.

Other projects—moving water lines, installing new sinks or drywall, and demolition— require hiring a professional. Mapping out which projects you will need to outsource will affect your budget and may also affect the scope of your project.

Paying for It

Smaller laundry room remodels, or those that require just a new coat of paint, a new washer, and dryer, or a retrofitting of shelving to maximize storage space can be done with fairly little outlay, especially if you do it yourself or have a friend or family member lend a hand.

Larger ones, or those that call for extensive demolition, architecture work, or the services of a general contractor, will be more expensive, of course.

The size of the project—and therefore how much money you’ll need—matters, as does your timeline for paying back any loan.

Here are some options:

•   Cash
•   A home improvement loan, aka personal loan. Your home isn’t used as collateral to secure the loan.
•   A home equity loan or a revolving home equity line of credit, which do use your home as collateral.
•   Cash-out refinance, which replaces your mortgage with a new loan for more than you owe. The difference goes to you in cash, for home improvements or anything else.

The Takeaway

Laundry room ideas range from DIY tweaks to soap-operatic overhauls. A laundry room remodel may increase the value of your home or simply make life a little easier. Start by listing what you want to achieve and how you’re going to pay for it.

SoFi offers a range of ways to pay for home improvements like a more inviting space in which to do laundry or a room that does double duty.

If you need a home loan (with as little as 5% down), an investment property loan, a cash-out refi, or an unsecured personal loan, SoFi offers all of them at competitive rates.

Plus you become a SoFi member, which comes with a laundry list of perks.



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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

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