Did you know that installing a new garage door could offer you the best return on investment over any other home improvement project?
According to a cost vs value report by Remodeling magazine in the North East / New England a garage door replacement could provide a 99.5% return on investment – compared to the national average of 94.5% (where it still ranks second). It seems that home buyers truly value the appeal and security of a modern, stylish garage door.
How does the return on investment compare to other home improvement projects?
- Garage door replacement – 99.5% ROI
- Bathroom remodel (midrange) – 66% ROI
- Entry door replacement (steel) – 59.2% ROI
- Roofing replacement (asphalt shingle) – 65.8% ROI
If you are looking for ways to increase the value of your home, with the view to selling then a garage door replacement is clearly one of the best things you can do. Modern garage doors come in an almost limitless array of colors and styles that can complement any home old or new.
Realtors perceive the home as more valuable
In another 2018 industry study realtors estimates of perceived home value based on exterior appearance increased by as much as 4%. This meant an increase of say $8,000 for a $200,000 home.
How garage doors add value to your home
Boost the home’s curb appeal
One of the first things potential buyers see when they come to view your home is the garage door. A great first impression can be crucial in persuading the buyer to see more.
Improved security
Garage door security is improving all the time and a replacement garage door can be a good deterrent to would-be criminals and comfort to potential buyers, if not yourself.
Improved energy efficiency
If you select a well-insulated garage door the cost savings on heating bills can be significant over an older model, this is especially valuable for homes where the garage is used as additional living space.
Whether you are replacing your garage door to sell or to stay, it’s sure to provide lasting value through improved appeal, insulation and security. A visually appealing garage door can be much more appealing to come home to, especially as it’s one of the first things you’ll notice on your return.
The Cost vs Value report compares the average cost of remodeling projects against the resale value they add to the home across all US states. The New England report includes data from: Boston, Massachusetts – Bridgeport, Connecticut Hartford – Connecticut, Manchester – New Hampshire – New Haven, Connecticut – Portland, Maine – Providence, Rhode Island – Springfield, Massachusetts – Worcester, Massachusetts.
