When it comes to home improvement projects, homeowners have to weigh enjoying the benefit while they still live there vs. what will payoff in the future once they go to sell their home. When it comes to enjoying your home’s look vs. your return on investment later, garage door replacement offers an average ROI of 194! That’s great new for homeowners who want to improve the look of their home while knowing it will also increase their home’s value.
Why Garage Door Replacement Offers a High ROI: Insights from 2024 Cost vs. Value Report
When it comes to home improvement projects, one of the best ways to increase both the curb appeal and value of your property is by replacing your garage door. According to the 2024 Cost vs. Value report from Zonda, the ROI (Return on Investment) for garage door replacement continues to be impressively high. But why is this the case, and how does this translate into tangible benefits for homeowners? Let’s take a closer look.
A Smart Investment for Homeowners
Homeowners are always looking for ways to improve their properties, and with the rising costs of materials and labor, choosing the right project can be a challenge. The 2024 Cost vs. Value report shows that a garage door replacement offers one of the highest returns on investment of any home improvement project.
In fact, the ROI on garage door replacement often outpaces other popular projects, such as kitchen remodels or bathroom upgrades. This is due to several factors, including the relatively low cost of the project compared to the boost in curb appeal and overall property value.
Increased Curb Appeal
One of the most immediate benefits of a new garage door is the visual upgrade it provides. The garage door makes up a significant portion of a home’s exterior, and a modern, stylish door can drastically enhance the overall look of your property. Whether you opt for a sleek contemporary style or a classic design, a new garage door is often the first thing potential buyers will notice.
Energy Efficiency and Security
Modern garage doors are designed with energy efficiency in mind. Insulated doors, in particular, help to regulate the temperature of your garage, which can contribute to lower heating and cooling costs for your home. Additionally, many new garage doors come with enhanced security features, such as improved locking systems and smartphone-controlled openers, which can make your home safer and more convenient.
Attracting Buyers
When it’s time to sell your home, the appeal of a new garage door can be a strong selling point. Buyers are often drawn to homes that look well-maintained and have up-to-date features, and a newly replaced garage door signals that the property has been cared for. The relatively low cost of replacing a garage door compared to its potential to increase home value makes it an attractive option for sellers looking to maximize their home’s marketability.
Next Steps
If you’re considering a home improvement project with a high return on investment, look no further than a garage door replacement. Not only does it provide a quick visual upgrade and increase your home’s security and energy efficiency, but it also offers one of the highest ROIs of any home renovation project. With its combination of low cost and significant benefits, replacing your garage door is a smart choice for both homeowners and those looking to sell.
Schedule a FREE new garage door consultation today or contact us if you have any additional questions about your project or want to schedule an appointment.
