Compared to the cost of some other home improvement projects, garage door replacement is a relatively quick and affordable way to be certain your home stands out among all the others and can even increase its resale value when it comes time to sell your home.
After all, the garage door is one of the first things potential buyers notice when looking at the front of your home, and if the overhead door is in ill repair or appears to be old, outdated or no longer in style, it can turn buyers away before they ever see what’s inside. Continue reading to learn what major studies have shown about the return on investment of garage door replacement.
70 Percent of Realtors Agree: A New Garage Door Can Help Sell Your Home
Remodeling magazine’s 2019 Cost vs. Value report has consistently identified upscale garage door replacement, especially for upscale homes, to pay off handsomely in terms of both curb appeal and resale value. Selecting a new overhead door that matches the price point, and architectural style for the home is an important consideration, they add.
Clopay partnered with an independent research firm to conduct nationwide research around realtors’ perceptions of garage doors as a worthwhile investment for homeowners before to listing a residence for sale. The results overwhelmingly supported the return on investment of overhead garage door replacement with 70 percent of realtors agreeing that a new garage door helps sell a home faster. Over 80 percent acknowledged that a new overhead door could impact the value of your home.
A New Overhead Garage Door Can Increase the Potential Selling Price of Your Home by 4%
Another interesting point of the study was found when realtors were asked to provide an estimated listing price for several homes featured in “before and after” garage door installations ranging from inexpensive replacements to high-end upgrades. Knowing that the only difference in the images they saw was the garage door, the findings pointed to realtors’ assigning selling prices as much as 4 percent higher to the homes with new garage doors. With the average U.S. home price estimated at $206,300 in 2017, this could add up to an increase of between $8,000 and $14,000 to a home’s selling price just by investing in a new or upgraded overhead garage door prior to listing.
Should you replace your garage door if you’re selling your home?
If you’re in the process of renovating your home in hopes to increase its selling price then garage door replacement has the best ROI out of any other home improvement project. It instantly increases your home’s curb appeal, especially when you choose the right residential garage door style. It’ll save you money in the long run and it won’t take long at all for a professional garage door company to install a new garage door. Lastly, make sure to choose a high-quality garage door company when deciding on your door. Most realtors will be able to identify and notify their clients if a low-quality door was thrown up on a house to try and increase its value.
AAA Garage Doors Offers High-Quality, Energy-Efficient Clopay Garage Doors.
Selecting high-quality and energy-efficient options like Clopay, available in Omaha from AAA Garage Door, Inc., homeowners can enjoy both style and function all while increasing the value of their home.
Call AAA Garage Doors, Inc. at (402) 727-0789 to talk about the many ways a new overhead door could increase the ROI of your future home’s sale. With a wide variety of styles and price points, Clopay is designed and manufactured in the USA and is the only garage door manufacturer backed by the Good Housekeeping Seal, a market of exceptional quality and reliability.
Last Reviewed By Felipe Pinales on August 28th, 2020