Owning a home is a lot of work. When you rent a condo or apartment, you can simply call your landlord when something goes wrong. When you’re a homeowner, the responsibility for making repairs and replacing appliances falls squarely on your shoulders. But just maintaining the current status of your property isn’t enough.
If you want to be able to resell it for a profit someday, you also have to think about making upgrades. In some cases, these can be very involved projects, like installing new kitchen cabinets or remodeling the bathroom, but you might be surprised to learn that new garage door installation can also be an easy way to improve your home’s value.
As any Sarasota real estate agent will tell you, curb appeal is incredibly important for potential home sellers. When people arrive at your home for a showing, they’ll begin judging it the minute they pull up in their car. That means your home’s exterior is actually one of the first things they’ll notice. And guess what’s part of your home’s exterior? The garage! An old, worn out garage door will be an eyesore, while a new garage door will make everything else look brighter.
One thing you might not think about when considering garage door installation is energy efficiency. Depending on the material you choose and the quality of insulation or weatherstripping employed, your garage door has the potential to help keep your home warm in the winter and cool in the summer. This is especially important if your garage doubles as a work or storage space. All home buyers are concerned with energy efficiency and this could be a beneficial selling point.
Return On Investment
That’s all well and good, but what most homeowners want to know is how much can they expect the value of their home to increase if they choose to get a new garage door installation? According to the 2016 Cost vs. Value Report by Remodeling Magazine, installing a mid-range garage door recoups 91.5% of its cost in increased value, while upscale garage door replacement recovers 90.1% of the cost.
Want to know more about your options for garage door installation? Contact Lifetime Garage Doors today.