Are you wondering whether a new garage door is worth the investment? Recent research says yes.
According to Zonda Media’s 2023 Cost vs. Value report, homeowners who replace their garage doors see a nearly 103% return on investment (ROI). On average, homeowners spent about $4,300 on a garage door replacement and saw a resale value of almost $4,420.
In other words, homeowners can expect to get the money they put into their garage door replacement back, plus a little extra, when they sell their house.
Does a New Garage Door Increase Home Value?
A new garage door can add value to your house, especially if it boosts curb appeal. Researchers estimate that an attractive home sells for 7% more on average than similar homes with less curb appeal in the same neighborhood.Â
What Specifically Can You Do to Add Value to Your Garage Door?
Curb appeal is only one way to boost your home’s value. You could also add insulation.
Insulating your garage door makes your home more appealing to buyers looking to save on energy bills. For the best results, consider installing a new, high-quality garage door insulated with polyurethane.
Other ways to boost your home’s value with your garage door include the following:
- Add windows to your garage door, or choose a new door with windows to let natural light in.
- Increase your garage door’s security by making repairs or adding a smart opener, like a myQ®-controlled opener.
- Replace an old, worn garage door with a high-quality one to attract buyers looking for a low-maintenance home.
Why Do New Garage Doors Drive a High ROI?Â
A new, attractive garage door made with durable materials gives your home an impressive appearance and makes it more energy-efficient and secure. You can ask for a higher selling price with a new door and expect it to sell faster.
As we mentioned, buyers are willing to pay more for a home that looks great on the outside. A beautifully constructed garage door enhancing your home’s overall exterior will surely excite potential buyers.
Ready to Give Your Home a Makeover?
A new garage door quickly beautifies your home and boosts its value. Contact Ingstrup Garage Doors to install a gorgeous, superior-quality garage door. We offer fast, high-quality service to Lansing and Grand Rapids property owners.
Would you like to repair your current garage door instead of replacing it? We can help with that, too. Complete our online form to request service for your garage door.