Adding a Laundry Room: Calculating Cost
Deciding to add a laundry room to your home requires a calculation of the costs associated with the build.
There are factors that go into the calculation to determine what your estimated cost will be.
For example, is the addition of a laundry room for your home going to be new construction or the renovation of an old space?
Will you be replacing an existing washer and dryer or purchasing a new one?
These are a few of the considerations that will need to be taken into account when performing a cost calculation.
Step 1 - Build a List of Materials
When you determine the type of project the laundry room addition will be, make a list of all of the materials you will need.
The easiest way to accomplish this is to use a spreadsheet and list the materials for the addition.
Step 2 - Calculate Material Costs
On your spreadsheet, record an estimate of the cost of the materials needed. You can search online for these prices using a home improvement center website or appliance retailer.
Add the costs up and allow 10 to 15 percent for additional expenses that were not budgeted. This will give you a good idea of what your cost should be for this laundry room addition.
Step 3 - Calculate Labor Costs
Remember to include fees for permits, inspections, and any labor you plan to hire out. Calculate expenses related to plumbing and electrical work, if appropriate.