Garage Door Replacement Offers Big Returns at Resale

Jan 08, 2016
Canyon Ridge Design 12

The return on investment for garage door replacement is up in 2016. Model shown: Clopay Canyon Ridge Collection faux wood garage doors

Rising home prices, curb appeal, and energy efficiency contributed to gains in the projected return on investment for homeowners who are remodeling with an eye toward resale, according to Remodeling magazine’s 2016 Cost vs. Value report.

Four of the top five home improvement projects that generate the biggest bang for the buck focus on the exterior of the home, which isn’t surprising considering curb appeal is a key factor in attracting potential buyers.

Home Before and After

New carriage house garage doors add curb appeal to this Craftsman home.

Mid-range and upscale garage door upgrades and steel entry door replacement projects rank in the top five projects with a return on investment of over 90%, on average nationwide.

The Cost vs. Value report is based on an annual survey by Remodeling magazine that asks realtors in 100 metro markets around the country to estimate what specific home remodeling projects would provide a high return on investment at resale.

As a general rule, the simpler and lower-cost the project, the bigger its cost-value ratio.

Clarion Prairie Entry Door

The top 5 projects in the study all cost less than $5,000.

Are you fixing up your house for the spring home-selling season? Read the full 2016 Cost. vs. Value report for more insight into what you can expect to recoup on these projects in your region of the country.

Shopping for a new garage door? Watch this video to find out about the latest design trends and what you need to think about before you buy.


Tags:

entry doorsCurb Appealgarage door makeover

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