Garage Door Return On Investment (ROI)

Owning your own home means you can personalize it however you want, but it also means you must maintain it. Whether you own a historical home or a new build, chances are you will have to do repairs and other fixes at some point.

Clopay Coachman collection garage doors

When you keep your home in good condition, it makes it more pleasant to live in and is better for the long run. At some point, for instance, you may want to sell your home. The maintenance and upgrades you do now will increase its worth, and you may end up selling it for a significantly higher price than you bought it for.

How Maintenance and Upgrades Improve ROI

Return on investment (ROI) refers to something’s worth after an investment was made to improve it. For example, house flippers rely on ROI to make a profit. They buy inexpensive homes, invest money to fix them up and then resell them. Their profit would be their return on investment because it reflects how much more the home was worth after they renovated it.

When you put money into your home, you’ll get money out when you sell it.

For homeowners who are ready to sell, renovations are an important consideration. Some homes have features that seem outdated to current homebuyers. To make their home competitive among others for sale, renovations are often the key. If you have the means to renovate, these project almost always end up paying off.

Your Return on Investment From Installing a New Garage Door

Installing a new garage door is an easy and relatively inexpensive way to upgrade your home. Installing an upscale garage door is the #1 remodeling project to improve on the ROI of your home. This project has a better return on investment than stone veneer, adding a deck to the home and remodeling the kitchen. These other projects were much more expensive to complete as well.

This statistic shows just how important curb appeal is to homebuyers. When a homebuyer pulls up to your house, the exterior is the first thing they see. They will look at the design of the home, as well as the landscaping, and form an initial impression. If that impression is negative, the inside would have to truly wow the homebuyer to alter their opinion.

Replacing your garage door can help create the very best first impression. When the prospective homebuyer visits your home, they will see a beautiful door that blends flawlessly with the rest of the home and is a unique and attractive touch.

Custom Door & Gate carries a variety of residential garage doors perfect for any home. Our knowledgeable team will help you find the perfect one.

Contact us today to learn more about purchasing a new garage door.