Today’s post is in partnership with Clopay; all image courtesy of of Clopay. As always, all opinions are my own.
Thinking about the value of your home, whether you are planning to sell or just want to be proactive about keeping up the condition of your home, can be sort of overwhelming. There are often many things that could possibly be done to help raise the value of your home but what do you spend your hard earned dollars on that will bring the greatest return? The answer is- work on your curb appeal, specifically garage doors!
I like to keep up my knowledge of remodeling, by reading what is important now in home renovations. I read a report by Clopay, about curb appeal most recently. They partnered with an independent research firm, to conduct a nationwide survey as a response to the Hanley Wood Remodeling 2018 Cost vs. Value Report (www.costvsvalue.com), since Remodeling magazine has been doing their study for three decades and the results have always been different, they wanted to get a second opinion.
According to the Clopay report, Realtors estimate that upgrading a garage door can increase the perceived selling price of a home by up to 4%, depending on the style (I bolded that to draw attention to the fact that the look and style of the garage door matters).
The Cost vs. Value Report says the approximate $3,470 cost for an upscale garage door replacement delivered an estimated $3,411 when the house sold. That’s a 98.3 percent ROI on average, nationwide. Read more about the report here for more about how updating a garage door really does impact resale value. Garage door replacement ranks No. 1 in costs vs value and nearly pays for itself! In fact an upscale garage door replacement may actually recoup more than 100% of it’s cost. © 2018 Hanley Wood, LLC. Complete data from the Remodeling 2018 Cost vs. Value Report can be downloaded free at www.costvsvalue.com
If you aren’t sure, just know that while this is the first time garage door replacement has ranked number 1, it has been consistently in the Top 5 for many years! So this is a great place to start. Don’t believe me? Check out the report for some AMAZING before and afters!
Considering that many of us live in houses that heavily feature the garage door as a main focal point and most often the garage door that exists with the house is less than stellar, this investment into your home can have great results! We’ve shared several virtual curb appeal makeovers focusing on garage-heavy homes here previously, and these additional real-life examples show how upgrading a basic garage door to an upscale garage door really enhances the curb appeal of a home, which in turn adds value to your home.
For example, this house is stunning to begin with, but updating the garage doors made the garage an asset to the look of the home!