Ours is in the lower level of our house, off of the family room and garage. I have four levels, so it is a long way from the upper two levels, sure wish I had a laundry shute.
Ours is actually in our bedroom. Its just me and my fiance, so this works for us. We have a small condo, convenient to take the clothes out of the dryer and fold them on the bed, then just pop them right in the closet or dresser drawer.