If you are in the market for a new home, selling a home, or looking to maintain your home's value, garage door replacement is a step in the right direction. The garage door on average makes up anywhere from 25-50% of the front of your home which is why door replacement continues to rank as one of the top home remodeling projects for return on investment. Most jobs can usually be done in less than a day and the visual gratification is instant.
Enhanced Curb Appeal and Perceived Value
In years past the garage door was an afterthought, but today it is the primary entry point for many homeowners and this trend is only getting stronger. With the growing popularity of automatic garage door openers, convenience and safety is becoming a top priority with many people.
Add an outdoor keypad to your garage door opener and you now have a popular entry point for many school kids as they get off the bus in the afternoon. If you have a garage door opener equipped with MyQ Technology, you can receive an email when the garage door is opened so you know your child has made it home safe from school. These modern day conveniences add perceived value when trying to sell a home.
Here is a quote from Marty DeWald, a veteran real estate agent with a 20-year track record as a top producer with Remax.
Studies show that investing in curb appeal yields the greatest ROI in the new economy of real estate. The biggest reason is cost: a mid-range garage door replacement project costs less than $2000 and what you get in return is
Sell Your Home Faster With a New Garage Door
In a separate survey conducted by Stratamark Research and Clopay Building products, real estate agents nationwide said replacing garage doors on a home can increase the asking price by up to four percent and greatly enhance curb appeal and increase foot traffic when a home is being sold.
That's an increase of between $2,500 to $10,000 on a $250,000 home just because your chose to replace your garage door.
First impressions are everything when it comes to selling a home. How many times have you driven right past a house you were potentially interested in because it gave you that "Oh No" face when you first laid eyes on it. Chances are you will not take a further look or give a home a second chance if the curb appeal is not up to par. A dinged up garage door with faded paint and an outdated design will instantly turn off any prospective buyers you might have.
Upgrading your garage door to a carriage house style with decorative hardware or maybe a nice wood grain finish will separate your home from the rest. You will gain instant curb appeal and the impression it will leave on prospective buyers will carry throughout the whole house. Garage doors are usually an afterthought to most homeowners who are buying or selling a home, even though it is the one thing you lay your eyes on every single day. Replace your garage door today and you'll look forward to coming home.
- The garage door makes up anywhere from 25-50% of your home's exterior
- 73% of Americans are now using the garage door as their main entry point into the home
- Replacing garage doors can increase the asking price of your home by up to 4 %
- If potential buyers don't like what they see from the street, they won't have a look inside your home
- Curb appeal yields the greatest Return On Investment in the new economy of real estate
- Mid-range garage door replacement on average cost less than $2,000
- Installations can usually be completed in 1-2 days
- Instant gratification and perceived increase in home value are accomplished
Starting in 2010, Home Remodeling Magazine started to include Garage Door Replacement in their annual Cost vs. Value report. This report compares the average cost for 35 popular home remodeling projects with the value those projects
The national data is broken up into 9 different regions in the U.S.. Averages can be viewed by region or by a city. Return on investment national average figures can be viewed at the bottom of this page.
Garage Door Return On Investment (Cost Recouped)
Garage Door Return on Investment Figures
Job cos: $1,652 Resale value: $1,512 Cost Recouped: 91.5%
Job cost: $3,140 Resale value: $2,830 Cost Recouped: 90.1%
Job cos: $1,595 Resale value: $1,410 Cost Recouped: 88.4%
Job cost: $2,944 Resale value: $2,429 Cost Recouped: 82.5%
Job cost: $1,534 Resale value: $1,283 Cost Recouped: 83.7%
Job cost: $2,791 Resale value: $2,315 Cost Recouped: 82.9%
Job cost: $1,496 Resale value: $1,132 Cost Recouped: 75.7%
Job cost: $2,720 Resale value: $2,046 Cost Recouped: 75.2%
Job cost: $1,512 Resale value: $1,087 Cost Recouped: 71.9%
Job cost: $2,994 Resale value: $2,129 Cost Recouped: 71.1%
Job cost: $1,291 Resale value: $1,083 Cost Recouped: 83.9%
Job cost: $3,545 Resale value: $2,476 Cost Recouped: 69.8%
Information provided by Remodeling Magazine's Cost vs Value Report