Home Improvement Projects: Cost Vs. Value
Here’s a startling truth most homeowners fail to consider: Your home likely represents the largest financial investment you will ever make. Are you taking care of your investment, performing the maintenance and making the upgrades that will help it grow in value?
The idea of home improvement conjures images of torn up flooring, dust from removed tile, appliances in shrink wrap and destroyed drywall. But your home doesn’t need to become a construction zone to increase in value. There are faster, easier and more affordable ways to improve your home than remodeling bathrooms and kitchens.
Upgrades That Yield Value
When you’re looking for home improvement projects that will pay dividends upon resale, discover the value of garage door replacement. When you’re looking for projects that will actually pay for themselves upon resale, explore a home improvement entry door project.
In the South Atlantic region that includes North Carolina, homeowners recoup 112% of the cost to install a new steel entry door. Garage door replacements provide a return of between 85 and 91.6%. Not only do you earn a significant return on entry door and garage door home improvement projects, but the initial outlay for each is less than $3,000.
Compare entry and garage door projects to remodeled bathrooms, kitchens and home offices. These projects will require an initial investment in the tens of thousands, and the return will be much less than what you’ll earn through entry door and garage door replacement. A remodeled bathroom returns 70% on average, a remodeled kitchen 67.8% and a remodeled home office 48.7%.
The Many Benefits of New Entry and Garage Doors
Are you in your forever home? Maybe resale value isn’t as large a factor in this case. But consider the value that new entry and garage doors can deliver while you’re still living in your home. They can help enhance your home’s curb appeal, and by working with a supplier that features a large and diverse inventory, you can find models that complement your home’s existing architecture.
New entry and garage doors also provide added energy-efficiency and security. Choose models that offer the right amount of insulation for your home, protecting your belongings and keeping you more comfortable. Given the possibility of harsh weather conditions such as humidity, snow and rain, as well as the potential for hurricanes and other weather events, a new garage door can also protect your home and everyone inside it.
Count the Cost and the Return
Don’t fall for the misconception that only large remodels and significant upgrades can provide the added value, energy-efficiency and safety you want for your home. Find beautiful new garage and entry doors, and improve your home for a fraction of the cost.
Take a look at our graphic below for more cost vs. value home improvement statistics.
(DE, DC, FL, GA, MD, NC, SC, VA, WV)
|Project||Job Cost||Value at Sale||Cost Recouped|
|Entry Door Replacement (steel)||$1,166||$1,310||112.0%|
|Garage Door Replacement||$1,517||$1,390||91.6%|
|Garage Door Replacement||$2,861||$2,427||85.0%|
|Entry Door Replacement (fiberglass)||$2,839||$1,976||69.6%|
|Entry Door Replacement (steel)||$1,230||$1,252||101.8%|
|Garage Door Replacement||$1,595||$1,410||88.4%|
|Deck Addition (wood)||$10,048||$8,085||80.5%|
|Entry Door Replacement (fiberglass)||$2,926||$2,107||72.0%|
|Deck Addition (composite)||$15,912||$10,816||68.0%|
|Major Kitchen Remodel||$56,768||$38,485||67.8%|
|Home Office Remodel||$29,066||$14,155||48.7%|