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Can A Garage Door Increase The Value Of Your Home?
by James Cummings
December 16, 2019

If you are planning to sell your home, you want to sell it for a good price. But to achieve this aim, your house has to be worth what you expect to get from it. Everyone knows that home improvements and renovations help boost the market value of a property, which is why most homeowners renovate their houses before putting it on the market.

Moving to a new country for work, retirement or simply in search of a change is one of the major reasons some homeowners decide to sell their property or put it up for rent. According to Ausmove movers, doing some key renovations will ensure you generate extra income if you choose to sell or put your property or rent. And if you decide to keep your home, it guarantees you have a great place to return to whenever you choose to move back.

Even if you have no intention of selling your home, it is still a good idea to carry out renovations that will increase its value as this will come in handy, should you intend to secure a loan or mortgage against the value of the property.

But does it make any economic sense to upgrade or replace your garage door rather than spending your money on other more tangible home improvement projects?

How much value can a new garage door add?

Upgrading or replacing your garage door is one of the most valuable home improvement projects you can invest in. In fact, property experts rank garage door upgrades top when it comes to home improvement projects that can bring in the most return, with studies showing that in most cases, the house sold high enough to pay the homeowner for the garage door replacement, and then some.

So, while it is not exactly easy to settle on an actual amount of ROI on garage door replacement, it has been discovered that a brand new garage door can return as much as 94%, meaning that the garage door will ultimately pay for itself.

Benefits of a new garage door that increases home value

There are several benefits to replacing a worn-out garage door, all of which put together will affect the market price of the property. For example, the curb appeal benefits of a brand new and modern garage door will attract potential buyers who will be willing to pay a reasonable price for the upgraded property.

1. Increases Curb Appeal

As already pointed out, a new garage door will significantly increase the curb appeal of your property, which is one of the top factors that lure potential buyers inside.

Because the exterior of your house is your first chance to make a good first impression, it is important that it meets the expectations of the people coming around. Therefore, if you are planning to sell your house and want to do a bit of renovation, improving your street view first is a good way to get started.

When shopping for a new garage door, the key is to look for something that best complements the scheme and theme of your home. For example, a modern garage door may look odd in a house with period architecture.

2. Improves Energy Efficiency

Potential buyers are always on the lookout for houses with a manageable maintenance profile, such as a house with high energy efficiency and low energy spending. While it is true that you can achieve energy efficiency by upgrading the doors and windows of your house, the garage is also a source of leak, and as the door gets older, the entire house will notice a steady increase in energy use.

Regardless of whether you intend to sell your house or not, upgrading to a better-insulated garage door will optimise your energy use so that you begin to spend less on energy. The new insulated door will keep your garage warm during the cold, and comfortable during the warm weather. Combined with the properly installed doors and windows, your house will be able to achieve a state of high energy efficiency.

3. Improves Safety

A new and modern garage door comes with a lot of improved features, such as motion detectors, smart technology, photo eyes, automatic garage door openers, automatic timers, and so on. All these smart features will tremendously boost the safety level of your home. Besides, new garage doors tend to be more efficient, and there is little or no chance of your door getting stuck mid-operation.

However, it is one thing to order for a brand new and modern garage door and another thing to have it all set up properly for efficient operation. This is why it is not recommended that you install a new garage door by yourself.

In the first place, installing a garage door is not a DIY project. Also, chances are you will not have the specialised tools needed for installation.

The safety and efficiency level of your new garage door is to a large extent dependent on how it was installed; therefore, hire a professional garage door service to do the installation. This way, you can be sure that everything will be done according to the approved standard and regulations.

4. Lowers Maintenance Costs

Old equipment in the house tends to require constant maintenance and regular repairs, a state of affairs can drain your financial resources without your knowledge. On the other hand, brand new equipment barely requires maintenance or repairs, at least until after a few years. The same thing applies to your garage door.

If your garage door is old and worn out, you will be constantly repairing it, spending your hard-earned money on garage door repairers. But investing in a new garage door will mean no more repairs for many years, meaning that the overall maintenance cost of your household will drop significantly. By buying and upgrading your garage door, you will gain back the money you should have spent repairing the old one.

As you can see, there are just so many benefits to upgrading your garage door, and should you choose to sell your house, a potential buyer will be only too happy to pay for these benefits, thus helping you recoup your garage door replacement investment.

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