Mine are in a closet off the bathroom. No room to fold but I do have a small area to hang clothes for drying. Last week our washer bit the bit dust after 27 years of use and no previous breakdowns. I would say we got our use out of it.
When I bought a new set this week I was overwhelmed with all the options available. Who knew there were so many choices - thankfully the sales person knew the product and I was able to take what she advised and then do my own research before making a decision. The main surprise was the sales person told me average life expectancy of washers in the US is now 5-7 years!!
I got about 15 years out of my last washer. I started a load one day, and took psycho-poodle for a walk. The washer filled with water, and kept filling. I had an inch of water in the kitchen.
My dryer died about six months later. I had a load drying on medium heat, and after a while, something smelled funny. I traced the smell to the dryer. When I put my hand on it, it was too hot to touch. The smell was my clothes toasting.
In both cases, I couldn't justify getting the machines repaired, because of their ages.