WINSTON-SALEM, NC (JANUARY 15, 2016) – Remodeling Magazine has released its 2016 Cost vs. Value report, which indicates that garage door replacement is once again among the leading remodeling investments. The report, which evaluated 30 popular home remodeling projects in 100 markets across America, is based on how much real estate experts estimate those projects will increase a home’s value at resale.
Garage doors were among the top three best investments in both midrange and upscale home remodeling projects. Among midrange projects, the survey showed that the average job cost to replace a garage door is $1,652 with a resale value of $1,512 (91.5% cost recouped). In the upscale project range, the average job cost to replace a garage door was $3,140 with a resale value of $2,830 (90.1% recouped).
Among the 30 remodeling projects that real estate experts evaluated, garage door replacement was the number 1 remodeling project with the greatest return on value by far in the upscale project range. Among midrange remodeling projects, only adding attic insulation and replacing vinyl siding with manufactured stone veneer had greater recoup values than garage door replacement. The 2016 recoup value of garage door replacement was higher in both midrange and upscale remodeling projects versus the 2015 values.
“The Remodeling Magazine survey validates that garage door replacement is among the very best investments that a homeowner can make,” said Entrematic vice president of marketing Vickie Lents. “With the garage door being the largest opening in a home and up to 30 percent of a home’s front elevation, homeowners should invest in an Amarr garage door that increases the curb appeal and value of their home.”