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Garage door replacement increases home value with high roi

4/30/2020

13 Comments

 
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:
  • Manufactured stone veneer (94.9% ROI)
  • Midrange deck addition (75.6% ROI)
  • Midrange siding replacement (75.6% ROI)
  • Midrange entry door replacement (74.9% ROI)
The only interior project in the survey’s “top six” projects was a midrange minor kitchen remodel, which had 80.5% ROI.
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
makautomaticdoors link
5/1/2020 04:11:18 am

Its a really nice website. Thanks for giving full information about Commercial Roll Up Doors.

Reply
Bob link
11/24/2020 02:19:23 pm

You make a great point about how manufactured stone veneer has a 95% ROI increase. My garage door is chipped and needs to be replaced. I'll have to consider getting a garage door reinstalled with mahogany upgrades.

Reply
Garage Door Spring Repair Avondale link
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.

Reply
Garage Door Spring Repair Avondale link
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.

Reply
GDS link
2/20/2021 06:55:45 am

I had no idea, glad I found this article. Thank you for sharing and keep up the good work.

Reply
Tez link
5/3/2021 02:44:40 pm

I like what you said about having a big ROI from the stone veneer. I need to get a replacement door for my backyard door. I'll have to get one that increases the property value.

Reply
Chris Pederson link
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.

Reply
rachel frampton link
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.

Reply
Renewal By Andersen of Oshkosh link
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!

Reply
Jeff Carbine link
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.

Reply
we will fix it link
2/2/2022 11:50:23 pm

Thanks for sharing the kind information with me

Reply
Elaine
2/28/2022 04:30:38 am

Thank you for sharing this piece, it's a great topic.
By the way, I saw this piece about sustainable living: https://www.superdraft.com.au/trends/solar-power-battery-system

Reply
Jeff Carbine link
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.

Reply



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CCM overhead doors
1000 nw 80th street
oklahoma city, ok 73114
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  • Home
  • About
  • Contact
  • Services
    • Garage Door Repair
    • Residential Garage Doors
    • Commercial Garage Doors
  • Garage Doors
    • Residential Garage Doors >
      • CCM Limitless Series
      • Amarr Garage Doors
      • Raynor Garage Doors
      • Wayne Dalton Garage Doors
      • Lifestyle Screens
    • Residential Garage Door Openers
    • Commercial Garage Doors >
      • Amarr Garage Doors
      • Raynor Garage Doors
    • Commercial Garage Door Openers
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