As a homeowner, we consider how any remodel or home improvement project will impact our homes resale value. We just moved in and don’t plan on moving again anytime soon, but we don’t want to spend money on improvements that have a low ROI.
Clopay pointed us to the REMODELING 2018 Cost vs. Value Report(www.costvsvalue.com), and it turns out garage door replacement claimed the top spot, meaning it offers the number one ROI at resale. The annual Cost vs. Value report compares costs for 20 of the most popular professional mid-range and upscale modeling projects in 100 US markets. According to the report, in 46 of the 100 individual markets, an upscale garage door replacement actually recoups more than 100 percent of its cost.This sounds like reason enough to replace an aging or worn-out garage door. It’s a safe bet that to invest in a project like this won’t cost you money when it’s time to sell.
Check out this garage door Before and After. This gorgeous modern home starts out with a simple steel door, then a Clopay Avante garage door is installed and BOOM! The home takes on an entirely new look.
In January, Clopay partnered with an independent research firm and conducted their own nationwide survey to gauge realtor perceptions about garage doors and if their appearance made a difference in the listing price. According to this survey, 70% of realtors agreed that a new garage door helps a home sell faster and over 80% agree that a new garage door can impact home value. This independent study bolsters the results of the Remodeling Magazine Cost vs. Value report. Make no mistake, a new garage door is a strong investment.