Wednesday, April 2, 2014

Return on Investment: Garage Doors Take the Top Spots


Spring is nearly here and that means it’s time for home improvements. If you are like millions of other Americans, New Englanders and New Yorkers you are thinking about how to use this opportunity to showcase the curb appeal of your home while also increasing its value. With a garage door installation, garage door repair or garage door service you will be making one the best investments in your home that you can make.

According to Remodeling.HW.net, a website which has chronicled a cost/value analysis of various improvement projects, garage door replacement for those in the Middle Atlantic was the second highest return on investment out of any mid range home improvement project. It fell a few percentage points behind an entry door replacement. The average job cost for a garage door replacement was $1,567 and the resale value was $1,318. This means that 84% of the cost is recouped over time.

If one is to look further into this data when deciding between a garage door replacement and other midrange projects such as building a deck, adding a sunroom the decision becomes even easier. A garage door replacement costs on average 75% less than the aforementioned projects. In fact the ROI is the highest in the mid-atlantic and New England regions. The return on your initial investment also grows when it is a custom garage door.

For those with a little more budget than a mid-range home improvement this spring, a garage door replacement is the number one upscale remodeling project for return on investment. With an average cost of $2,842 for an upscale model and a resale value of $2,219 the cost recouped by the owner is a whopping 78%. Compare this to the average return on investment of a bathroom remodeling which is only 50% of costs recouped and the garage door becomes more than just a way to make your home look nice, it can be a money maker as well.

The curb appeal that a new garage door adds may not seem like a lot, but when you look at the statistics, it becomes much more prevalent and obvious. People notice the little things, and though your garage door is the largest mechanical device of your home, a custom touch adds a huge increase in value. A small relative upfront cost juxtaposed with a return on your investment that surpasses additions, kitchen remodels and new decks, make overhead doors something to consider.


Look for a town near you below to learn how you can increase curb appeal and value of your home.

Rhinebeck garage doors
Red Hook garage doors
Milan garage doors
Ancram garage doors
Hudson Garage Doors
Millerton Garage Doors
Pleasant Valley Garage Doors
Wappingers Falls Garage Doors
Rhinecliff Garage Doors
Germantown Garage Doors
Clermont Garage Doors
Fishkill garage doors
Tivoli Garage Doors
Stanfordville Garage Doors
LaGrange Garage Doors
Hopewell Junction Garage Doors
Pawling Garage Doors
Mahopac Garage Doors
Carmel Garage Doors
Kingston Garage Doors
New Paltz Garage Doors
Newburgh Garage Doors
Woodstock Garage Doors
Catskill Garage Doors
Clinton Corners Garage Doors
Poughkeepsie Garage Doors
Millbrook Garage Doors

No comments:

Post a Comment