Garage Doors Remain at the Top for ROI – Return on Investment – 103%!
Your garage door is likely the largest moving part of your home. There is not doubt it has a big impact on your curb appeal. Whether it is at the end of its functional life or is just outdated, a new garage door comes with noteworthy benefits. Here are four of them including the favorable ROI - return on investment - amount.
Installing a new garage door is a cost-effective home improvement project that can significantly increase the look and value of your property. According to Remodeling Magazine's 2023 Cost vs. Value Report, a garage door replacement has an average ROI of over 103%, making it the most cost-effective exterior home improvement project with the highest ROI. This means you can recoup MORE than the cost of the new garage door when you sell your home.
The most visual benefit to a new garage door is the improved appearance of your home. With a wide variety of options available, homeowners can choose a combination of style, color, hardware, and windows, to design their dream door. A new garage door can instantly transform the look of a home and increase its curb appeal and value, making it more attractive to potential buyers.
Another benefit of a new garage door is the improved energy efficiency of your home. Older garage doors can be drafty and allow heat or cold air to escape, making your home less energy-efficient and more expensive to heat and cool. A new garage door with proper insulation can help prevent this energy loss, keeping your garage and adjacent rooms warmer in the winter and cooler in the summer. An energy-efficient garage door can help you save money on your utility bills in the long run, making it a smart investment for homeowners.
In addition to aesthetic and energy-saving benefits, a new garage door can improve the safety and security of your home. A new garage door comes with reliable safety features, such as automatic sensors that detect obstacles in the door's path and reverse its direction to prevent injury or damage. Furthermore, a new garage door can be fitted with stronger locks and security features to deter intruders and keep your home safe.
Why wait? If you're considering a home improvement project that provides significant benefits and 103% return on your investment, a new garage door is an open and shut case.