If you’re looking for a home improvement project that’s a smart investment then look no further than replacing your garage door.
“Garage door replacements have again been named one of the top returns on investment among all home improvements nationwide, according to the 2017 Cost vs. Value Report produced by Remodeling magazine publisher Hanley Wood and the National Association of Realtors (NAR).” (Press Release)
Image: Faux wood style garage door made of fiberglass, Impression Collection® Model 983
Curb Appeal Projects Generate Higher Returns on Investment
Everyone knows that first impressions are important when it comes to a home which is why “Curb Appeal” projects like replacing your garage door, windows and your home’s siding generate higher returns on investment than remodeling your home’s interior.
Do you know how much space a garage door takes up on the front of a home? For many homes the garage door can take up to 30 percent! That’s why when replacing an old garage door with a newer, upscale garage door it has a significant impact on the home’s appearance.
“With the housing market as competitive as it is, making a great first impression to buyers by updating an outdated garage door is one of the easiest and most cost effective ways to boost resale value,” said Heather Meiner, Brand Manager for Overhead Door.” (Press Release)
Replacing vs. Remodeling
There’s a couple of different types of home improvement projects that you can do for your home. This year’s Cost vs. Value Report addresses replacing an item or remodeling a room in your house. Remodeling projects are more involved and usually takes a significant amount of time and money to complete.
Replacing an item, such as an old garage door with a new one, scored a higher return on investment than doing remodeling projects. Additionally, a garage door replacement is cost effective and can be completed within a couple of hours by a professional.
National Averages for Return on Investment
“Nationally, homeowners can expect up to an 85 percent return on investment for their garage door replacements on average. In select markets, that number can increase to up to 115 percent.” (Press Release) When it comes time to tackling your next home improvement project think about what projects will give you the best bang for your buck and how a new garage door will not only enhance the look of your home’s exterior, but can also increase the overall value of your home.
Looking to Replace Your Garage Door?
If you're looking to replace the garage door on your home then your next step is to find the right door and then "try it on your home" with our garage door visualizer tool. Once you've found the perfect garage door for your home, contact your nearest authorized Overhead Door Company for availability and installation.
Written by Jake Picken, Overhead Door