Renovating and remodeling your home can be a costly endeavor, but if you’re making home improvements with the idea of selling it in the future, then they can also be profitable. But it can be difficult to know which renovations are worth the money. You’ll be pleased to know that it’s not always the most expensive or extreme makeovers that bring in the bucks. Small changes can make a big difference, and one of the most profitable of them all is installing a new garage door.
New garage door return on investment
Exactly how profitable is replacing your garage door? According to HomeAdvisor, the return on investment from a new garage door is a whopping 97.5%. This means you recoup almost all of the money you’ll spend on buying and installing that new garage door during resale. And with the average cost of replacing your garage door standing just above $1,000, you won’t have to spend a fortune on the job initially, either.
Why is it so profitable?
Selling your home is all about curb appeal. Your interiors might be stunning, but the way the front of your home looks is what gets them interested and in the front door. If the front of your home looks shabby, then much fewer people will show interest and take a tour of your home in the first place. Improving areas like your garage door, front yard, and porch boosts your home’s curb appeal and draws in interested buyers.
Buying a home with a brand-new garage door is also financially appealing. Anyone moving into that home knows that they’ll have minimal problems with the door in the coming years as it should be in excellent condition. They know that it will be a long time before they have to worry about replacing it, which can be expensive.
What if you’re not selling?
Even if you’re not planning to sell your home, replacing your garage door is still a sensible investment. Garage doors are long-term investments, lasting more than 20 years before needing replacing. So, as we mentioned above, you won’t have to worry about replacing it again any time soon. And since your new door is in great condition, you won’t have to spend as much maintaining it or paying for repairs when something goes wrong.
So, put that $10,000 bathroom remodel on hold and invest in a new garage door for a better return on investment. Contact Carolina Garage Door for your new garage door and installation around Winston Salem, Greensboro, High Point, and Kernersville.