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Will investing in a new garage door increase the value and curb appeal of your home? Absolutely!
From LifMaster: A study by Remodeling magazine found that replacing the garage door gives homeowners more return on investment (ROI) than any other home remodeling project. Replacing your garage door improves the appearance of your house, which increases its resale value. The Remodeling survey compared “typical home-improvement project costs with what those projects contribute to a home’s price at resale.” The 2019 survey calculated the average cost versus value for 22 popular home remodeling projects in nine U.S. regions and 136 U.S. markets. The study revealed that the cost for an upscale garage door replacement was $3,611 and the estimated value at resale was $3,520. This was a 97.5% ROI, which far exceeds the 66% average for other remodeling projects. According to the report, “the reason for high returns on exterior projects, and especially façade facelifts, stems from the valuations set by the real-estate community.” Exterior projects give more ROI One takeaway from the survey was the higher ROI that comes from exterior renovations, as opposed to interior projects. Outside of the garage door, the top projects include:
When it comes to maximizing the value of your project, it’s clear that curb appeal is king. Taking on a home project or renovation can be financially difficult at times, especially during a pandemic. For tips on financing your project(s) during this time, check out the link below! Pandemic home renovation boom: Most popular projects, plus financing tips
13 Comments
5/1/2020 04:11:18 am
Its a really nice website. Thanks for giving full information about Commercial Roll Up Doors. 2/16/2021 09:35:16 pm
If you really want to find the best company that will be doing garage door repair, considering those tips mentioned above would be a good thing. 2/16/2021 09:37:12 pm
If you really want to find a professional company that will be doing garage door repair, considering those tips mentioned above would be a good thing. 6/4/2021 10:37:37 am
I like the idea of increasing my home's value. So I think replacing the garage door is a great plan. Maybe I can get one that matches the new roof I am having installed next month. 7/12/2021 12:27:12 am
My dad noticed that his automatic garage door won't close, and that is why he has decided to start looking for repair service. Well, I also agree with you that it would be best to replace a garage door if necessary since this will add more value. Anyhow, thank you for suggesting here that a midrange entry door would be an excellent choice too. 11/29/2021 04:10:23 am
Yes, This article is truly pleasant and I have learned a lot of things from it. Thanks for sharing information on garage door replacement. Keep sharing and posting! 12/3/2021 02:56:39 am
I loved it when you said that a study by Remodeling magazine found that replacing the garage door gives homeowners more return on investment (ROI) than any other home remodeling project. Since it was there eight years ago, our garage door will be needing repair this time. It stuck in the middle of the door jam. I will see a garage door service soon to address the problem.
Elaine
2/28/2022 04:30:38 am
Thank you for sharing this piece, it's a great topic. 3/16/2022 08:14:23 am
I found it interesting when you said replacing your garage door enhances the curb appeal of your home, increasing its market value. I used to think differently about this and now it makes more sense. What you said about the garage door was really interesting to me. Leave a Reply. |
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