Having it in the laundry room would suck, I mean really? can you really enjoy the tank there?
Go for a smaller low maintenance set up. Just got myself a 40b, thank you Petco $1/gal sale! Will be doing low tech (no C02, no ferts, cheap lighting) dirt on this and will be (trying) building it's own stand.
My current set up costs me $ (but that's usually my fault due to impulse) and time but with family life, wife, 2 kids (youngest is Autistic), I want to keep this simple yet enjoyable.
Fun project ahead, my wife supports my hobby as I do hers.