Garage door replacement is a good investment according to a report from Remodeling magazine
According to the 2013 Cost vs Value Report from Remodeling magazine, the return on investment from garage door replacement is on the rise. While the average cost of a garage door replacement has remained the same, the recovering housing market has caused the ROI to improve from 71 percent in 2011 to 75 percent in 2013 and a projected 83 percent in 2014. If you’re considering a new garage door for your home, now might be the time.
Garage Door Replacement Options
Garage doors come in a variety of different materials, colors, styles, and designs ranging from simple, utilitarian, steel roll-up doors to custom-made, decorative swing-open carriage style doors. At Carroll Garage Doors, we carry a variety of garage doors from trusted brand names like Amarr, Genie, Wayne Dalton, Liftmaster, and Unique. We can also work with you to create custom garage doors to give you the exact look and functionality you want. When choosing your new garage door, there are many important concerns to consider, including the resilience and durability of the door, its expected lifespan, its maintenance requirements, and of course your budget. If you are choosing your new garage door with an eye to getting a good return on investment, remember that curb appeal is very important to home buyers. Be sure the door you choose not only offers good, practical features like insulation and smooth operation, but also looks attractive from the street and complements the overall appearance of your home.
Midrange Replacement Jobs
A midrange garage door might cost about $1,500 and enable you to improve the resale price of your property by about $1,200, according to the 2013 Cost vs Value Report. This data is for a 16×7-foot, single-layer, embossed steel door with baked-on paint and a 10-year warranty. These prices assume the old garage door opener is being reused.
High-End Replacement Jobs
The 2013 Cost vs Value Report places the cost of a high-end garage door at about $2,700 and projects that this investment will result in a $2,300 return on investment. According to the report’s definition of a high-end garage door, this type of door is made from high-tensile steel and has R-12 foam insulation, ½-inch insulated windows, pinch-resistant panels, and a lifetime warranty. Again, the report assumes the existing garage door opener is being reused. If you want an even nicer garage door, expect to spend more cash but also see a comparable ROI as long as housing values remain stable.