Garage door replacements claim one of the top spots for the highest return on investment among household improvements nationwide in the 2017 Cost vs. Value Report. According to the report, both recent and long-term key trends indicate that “curb appeal” projects generated a higher return on investment than improvements done inside the home. On average, the report data indicates homeowners across the nation who completed a garage door replacement in 2016 earned up to an 85 percent return on investment. In select markets, that number reached as high as 115 percent.
The reasons for one of the top spots are simple. Garage door is among the least expensive projects in the survey, and they improve curb appeal in a way that can affect a potential buyer’s first impression and, consequently, a home’s resale value.
Curb appeal is the first impression people have of a home and the garage is often the largest and visible feature. It dominates the front façade of most homes, accounting for as much as 30% of a home’s visual impact. And it’s not up on the roof or somewhere out of sight; it’s at eye level, where everyone immediately sees it.
Day-in and day-out, garage door is the main entrance for most homeowners. More and more people are beginning to see that the garage is more than just a space in the home, it is a valuable amenity. When looking to purchase a new home, most buyers will not even make an offer, regardless of how much they like the home, if the garage cannot accommodate their needs … or be expanded to meet their needs.
For more details regarding how to increase your property value by replacing your garage door, call us on 1300 767 900 or book a Free consultation today!