What single remodeling project do you think provides the best return on your investment? If you guessed that “replacing a garage door” is at the top of the list in terms of increasing home resale value, you are very astute. As a follow-up to our earlier articles about this topic, we’d like to share this infographic that puts all of those choices into perspective.
As shown in this infographic by ContractorQuotesUS, updating your home with a new garage door provides a whopping 88.4% average payback! It easily outpaces other very popular remodeling projects such as kitchen and bath updates, new siding and even a new roof.
(Please wait for the graphic to load. If it doesn't, try refreshing the page.)
It’s particularly revealing from this remodeling industry data that people who are buying homes do place a high value on the unique curb appeal that a new garage door can add. You might say that with everything else being equal among homes for sale, the first home to move will be the one offering aesthetic appeal and the quality touch of a new garage door.
Of course, adding resale value to your home isn’t the only reason to embark on a remodeling project. There are plenty of other factors to consider: quality of life, peace of mind, security and many more. But it’s nice to know how each investment might fare when you are ready to sell.
Additional credits: Hanley-Wood publishing for their Cost-vs.-Value research study that is conducted annually on behalf of the remodeling industry.
Is it time to replace your door? Learn how to evaluate whether it can be repaired cost effectively or if it should be replaced.
Download this free guide: