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Posts Tagged ‘Garage Door Cost vs Value’

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Garage Doors are Now #1 Value vs Cost Home Upgrade!

 

That’s right, move over kitchen upgrades!  Installing an upscale garage door now officially has the highest return on investment out of all home improvement projects!

Upscale garage door installations were found to recoup an unheard-of  98.3% of their investment according to a national study by Remodeling Magazine.  This is significantly higher than the 82.8% return on investment that a $20,000 kitchen remodel will get you, and an upscale garage door is only going to cost you 10% of what a new kitchen would cost.  An upscale garage door costs 74% less than the average exterior home renovation project.

Curb appeal is more important now than ever, and homeowners and neighborhood associations are taking notice.  Most Homeowners Associations now allow carriage house style garage door installations, and neighborhoods across Collin County are being built with the entire neighborhood having custom garage doors.  Even garages with alley or rear entry are included in these statistics, so it’s time to stop thinking that nobody cares about your garage door and give your neighbors something to talk about!

We offer a variety of wooden, carriage style, and glass options. Click Here to Learn More!

We are North Texas’ #1 Custom Garage Door Company and we’d love the opportunity to prove it to you!

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New Garage Door: Cost vs Value

Garage Door Cost vs Value Graph

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.

Click Here to Learn More About Garage Doors!

 

 

By Nick McGregor, General Manager of Plano Overhead Garage Door

Plano Overhead Garage Door

1100 N. Central Expy Suite #A
Plano, Texas 75074

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