Curb Appeal and ROI with a New Garage Door
Curb appeal: the first impression for others and the comforting view when you pull up to your home. Curb appeal describes how attractive your home looks when a potential buyer views it for the first time. It can also apply to how the neighbors complain about the eyesore down the street.
This past year, the pandemic brought people together – at home. As a result, home projects continue to be on the rise across the country and, maybe on your street. The residential home service industry still recognized new residential garage doors as one of the most important investments for curb appeal. In fact, garage door replacements ranked at No. 2 for the highest return on investment (ROI) for household renovations according to the 2020 Cost vs. Value Report by Remodeling magazine and the National Association of Realtors (NAR). Last year’s study concluded that U.S. homeowners who chose to replace their garage door saw an average of 94.5% ROI at resale. In select markets, that figure went as high as 132.7%.
It is widely agreed that all home remodel projects can enhance the look of your residence. But, depending on the project, the return on your investment (ROI) is not always the same. It is important to do your homework before you decide where to put your money. Will you stay in the home for several more years? Are you making upgrades to add value for the sale of your home?
Today’s garage door styles and materials can provide better energy efficiency, which lowers your heating and cooling bills. So whether you are selling or just tired of looking at the old, outdated garage door every time you return home, it’s hard to argue against a new garage door with this much impact on your curb appeal AND your Return on Investment.
When you are ready to find your new garage door and increase your curb appeal, Schedule now