Garage Door Replacement Increases Home Value with High ROI

Will investing in a new garage door increase the value and curb appeal of my home?

The answer is YES! According to Remodeling Magazine’s 2013 Cost vs Value Report, garage door replacement continues to rank as one of the lowest-cost home improvement projects with a high return on investment.

National Ranking of Garage Door Replacement:

  • #2 in the Upscale Project category: An upscale garage door ($2,720) recoups 75.2% of its cost upon home resale.
  • #3 in the Midrange Project category: A midrange garage door ($1496) recoups 75.7% of its costs upon home resale.

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In 2011-2012, all but three home improvement projects saw a drop in cost-recouped percentages, raising a question about the stability of the building and remodeling industries. However, the 2013 report shows an increase in the cost-recouped percentages for all 35 remodeling projects.

According to the report,

“The upturn in this year’s Cost vs. Value Report is an encouraging sign that the remodeling industry may have turned the corner. It squares with the Harvard Joint Center for Housing StudiesLIRA (Leading Indicator of Remodeling Activity) and with our own RRI (Residential Remodeling Index), both of which forecast a strong recovery for remodeling in 2013.”

Remodeling Magazine’s 2013 Cost vs Value Report compares the average cost and resale value of 35 popular remodeling projects. Read more about the report and view specific data for your geographical region.

About Amarr Garage Doors

Amarr is one of the world’s leading brands of garage doors for residential garages, warehouses, commercial buildings, shopping malls and other commercial applications.
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4 Responses to Garage Door Replacement Increases Home Value with High ROI

  1. Totally agree with this post. People often think about the expense of a garage door without considering its return on investment. Also, thanks for pointing out the Remodeling Magazine cost vs. value report. There’s some really great stuff in there.

  2. Althea Crowe says:

    I agree with this article! Most homeowners don’t pay much attention to a garage door, and instead focus only on siding, patio or entry doors, and windows. We got new doors in Seattle, when we realized even the garage door is in dire need of a facelift! That’s the main reason I chanced upon this blog and you have totally convinced me on how badly we need to get a new door for our garage!

  3. Nice Research you made for Garage door. Energy efficient garage doors add value to your home and reduce your energy costs. Low cost garage door, will not guarantee

  4. Shaun George says:

    A amazing post to read. Thanks a lot for sharing this. Good Work. Keep it up.

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