The Cost Vs. Value of a Garage Door Replacement in 2021
Many homeowners like to keep busy by working on home improvement projects. Over time, the costs of those projects can add up fast, but there is one that stands apart from the rest with its high return on investment (ROI) and relatively low cost — garage door replacements.
First impressions and curb appeal make a significant difference for potential and current homeowners. That’s why exterior projects like garage door replacements have a strong ROI. According to Remodeling Magazine’s 2021 Cost vs. Value results, garage door replacement is the top-ranking home improvement project to invest in within the U.S. With 93.8% of the cost recouped, replacing garage doors is one of the most affordable home improvement projects to make right now.
Garage door replacements also rank number one for highest-ROI home improvement projects in Greensboro and Raleigh, North Carolina, and number two in the South Atlantic region. More specifically, the report analyzed the cost of replacing a garage door and the cost recouped from the resale value. Raleigh, NC, for example, has a 96% cost recouped, with the cost of replacing a garage door around $3,915 and a resale value of $3,759.
A new methodology was used to calculate the 2021 results compared to the prior Cost vs. Value reports, including real estate agents answering a more robust survey with questions relating to location. While home improvement standbys like adding a deck, remodeling a kitchen or bathroom, or installing new windows still pay off, the national average cost recouped for even the best of these is more than 20% lower than that of a garage door replacement.
If you’re thinking of changing your home’s exterior to add value and increase its curb appeal, replacing your garage door is a great place to start.
Add Value to Your Home With Custom Door & Gate
The ROI of new garage doors makes them an attractive investment, and garage door replacements are an excellent way to quickly improve your property’s curb appeal. Whether you need to buy a new door or just want to upgrade, there are many options you can choose from.
At Custom Door & Gate, we have a wide variety of doors available so you can find one that suits your home in function and fashion. We are proud to offer Clopay® real and faux wood, carriage house and walk-through style doors. We also provide insulated doors, which have become popular due to their energy efficiency.
Want to get the greatest garage door replacement value? Replace your garage door with Custom Door & Gate and upgrade your home’s first impression and curb appeal. Our experts will guide you through the entire process, from selection to installation. Contact us today to get started!