There are plenty of good reasons to switch out an old garage door. For example, a new door will be more visually appealing, more secure against break-ins, and safer for your kids. But did you know that a garage door replacement also delivers an exceptional return on investment?
Some investments allow you to showcase your preferred designs and personality, however, they don’t necessarily increase the perceived or actual market value of your residence. Other improvements can pay for themselves because they make it easier to sell your home or even increase its value. These can include redoing a master bathroom or turning an unfinished basement into a usable living space. But only one type of renovation project offers a more than 95% return on investment (ROI) of your money, and that’s a garage door replacement.
Return on investment (ROI) refers to something’s worth after an investment was made to improve it. For instance, let’s say you invest $10,000 to upgrade your kitchen. After the renovation, you have an appraiser evaluate your home and find that the upgrades increased your home’s market value by $5,000. That means you had a 50% ROI because you’d divide $5,000 by $10,000 and then turn the result into a percentage.
A 50% ROI is not bad. However, the closer you can get to 100%, the better. That’s why most homeowners appreciate knowing that the average ROI of a garage door replacement is 97.5%.
WHY DO GARAGE DOORS PROVIDE SUCH A HIGH ROI?
- Security: Older garage doors can become safety and security problems as they age because they don’t have all the advancements of a more modern garage door system. Potential home buyers often want to see a garage door with modern security features.
- Curb appeal: A very old garage door can make a house look worn out or out of date with the rest of the neighborhood. New garage doors add visual appeal to the outside of the property. They can refresh and enhance any landscaping and outdoor revitalization project, too.
- Environmental soundness: New garage doors tend to be energy efficient, especially if they’re insulated. Some come with windows to cut down on the need to turn on artificial lights when you’re in the garage. Over time, that’s less money spent on utilities and a more environmentally-friendly home.
If you’re unsure about which garage door is ideal for your home and will maximize your ROI, turn to a qualified garage door professional for advice. The team at Amelia Overhead Doors can walk you through the steps of choosing a garage door. Once you’ve found your perfect match, we’ll provide you with quality installation services and will be at your disposal for any maintenance and repairs you may need down the road.
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