New Garage Door: Cost vs Value
This bit of information may help you in making that final decision. Based on a 2016 remodel survey through Cost Value, projects continue to retain their resale value. One of those projects: GARAGE DOOR REPLACEMENT!
In the mid-range pricing, garage doors are providing a return of 91.5%. For example, if you paid $1,652* for a new garage door, your return on resale would be $1,512. To give you a semi-comparison of return on investment, a garage door update gives more on return than a kitchen remodel (64.9% ROI).
If you look at door replacements five years ago, the percentage of return on investment was at 71.9%. This low return was largely due to the focus being on updating kitchens and bathrooms. Over these past years, the “main entry” for families has become the garage instead of the front door; therefore, homeowners are looking for more visual appeal and reaping the benefits of replacement.
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