Did you ever think that a new garage door could almost pay for itself?
Garage door replacement ranked No. 2 in “cost recouped” on a list of 35 common home remodeling projects in Remodeling Magazine’s 24th annual Cost vs. Value Report.
The average midrange garage door replacement cost was estimated at $1,291. Resale value of the project averaged $1,083 – an 83.9 percent return on investment (ROI) at resale. In some cities, such as Charleston, W. Va., Honolulu, Providence, R.I., and San Francisco, the ROI for a new garage door was more than 100 percent.
Upscale garage door replacements were estimated to provide a 69.8 percent ROI – No. 4 among the upscale projects listed in the survey.
What does that mean to homeowners? You can have your cake and eat it, too. A new garage door can add to the beauty of your home as you live in it and enjoy it today, while also providing a high level of payback – nearly 84 cents of every dollar spent on the garage door replacement – when it’s time to sell.
What’s more, garage door replacement was one of the least expensive projects listed in the survey. That means a new garage door may be the quickest, easiest, and least expensive way to enhance your home’s appearance and get a great return on your investment.
In addition to providing a great ROI, a stylish new garage door can add to the beauty of your home. If you have a front-facing attached garage, a new door adds instant curb appeal. An attached garage can make up a third or more of the front of the home. Replacing a garage door can be the difference between a “plain vanilla” home and a stylish, attractive home. After all, haven’t you ever drive down a street you’ve driven down hundreds of times before and notice something “different” about a house that has enhanced its look? Could it have been a new garage door?
If you’re seriously thinking about a new garage door, here’s something else to think about: once you’ve picked the model and style that’s right for you, sit back and leave the installation to the professionals. This isn’t a job for the weekend warrior. A garage door is the heaviest moving object in your home. It is actually a system that includes springs, cables, rollers, tracks and other hardware. Some of the elements of this system are under high tension. If improperly installed, this system can cause injury or even death.
Proper installation and even repair projects are best left to experienced professionals.