The Cost-vs-Value Report is an annual study by Remodeling Magazine analyzing the ROI of 21 home improvement projects at the time the property is sold. In 2020 the report consisted of 101 US markets categorized into regional markets.
"Garage door replacement ranks high because it is relatively inexpensive, yet it has a significant impact on a home's curb appeal and perceived value, especially if there are multiple doors facing the street. Realtors say, if shoppers don't like what they see from the curb, chances are they won't waste time going inside". - Clopay
Many garages take up 40% of the homes street-facing facade, so it's no surprise that garage door replacement can help determine your home's property value.
"Realtors estimate that upgrading a garage door can increase the perceived selling price of a home by up to 4%, depending on the style. With the average U.S. home price estimated at $206,300 in 2017, this can mean an incremental increase of $8,000 to $14,000, just because of the garage door". - Clopay
"Manufactured stone veneer leads all renovations with a nearly 96% return on investment in resale value. A garage door will pay you back 94.5%. A midlevel kitchen remodel rounded out the top three, but with just a 78% return, and bathrooms didn’t even make the top 10". - CNBC
Garage door replacement is a no-brainer when it comes to maximizing the bang for your buck on your home remodel, especially if you're looking to market your house in the near future.
Let Amzac Garage Doors give you free no-obligation estimate to get in on the home remodeling project which almost pays for itself!