Finally, A Garage Door That Pays For Itself
The 2016 Remodeling Cost vs. Value report estimates 90-91% of garage door replacement costs will be recouped at resale, increasing the value of your home and making it one of the best home improvement projects a homeowner can invest in.
Homeowners consider remodeling or replacement projects throughout the year as a way to increase the value of their homes. Some projects add more value than others and are able to better recoup their costs. Every year Remodeling Magazine surveys realtors across the country to compare home project costs with their perception of what those projects bring to a home’s price at resale. The results are compiled into the Cost vs. Value Report annually at the beginning of each year.
The 2016 Cost vs. Value Report by Remodeling Magazine shows promising results for the garage door industry. Compared to the 2015 report the mid-range garage door replacement increased 3%, recouping 91.5%, while the upscale garage door replacement recovers 90.1% of the cost. This makes replacing the garage door one of the top gainers, outperforming many popular projects such as siding, window replacements, and kitchen updates.
It's no surprise that realtors across the country rated exterior projects as some of the most valuable for homeowners. Garage doors account for a large percentage of the front of the home and play an important role in the aesthetics and curb appeal of the home. With various door styles, colors and window options homeowners can differentiate their home from others in the neighborhood and increase their home value at resale.
With an increase in payback for garage door replacement, now is the perfect time to consider replacing an old garage door. Check with your local C.H.I. door professional when choosing a new garage door; they are a great source of information and can lead you in the right direction.
To read the full project descriptions and access national and regional project data, visit www.costvsvalue.com. "Cost vs. Value" is a registered trademark of Hanley Wood, LLC.