Garage Doors Yield High Return on Investment
Monday, March 30, 2015
Remodelers and contractors looking for home improvement projects with a high return on investment (ROI) can continue to be confident in their decision to recommend a new or upgraded garage door. This year’s Remodeling magazine Cost vs. Value survey placed garage doors among the top choices in home remodel and upgrades once again.
The annual survey highlights an upgraded garage door as a great endeavor that recoups homeowners’ investment. This year, the survey found that installing a mid-range or upscale garage door results in an 88.4 and 82.5 percent return on investment, respectively.
(A new or remodeled garage door enhances curb appeal and adds to the value of a home.)
A new garage door should not only be visually appealing and provide maximum curb appeal, but also be the perfect fit for a home or business. For homeowners looking to sell in the near future, having a high ROI on large home improvement projects is very important. Have you found that homeowners are upgrading garage doors? What model has been most successful for you? Comment and let us know!
The Cost vs. Value report is conducted in partnership with the National Association of Realtors (NAR). Hanley Wood, publisher of Remodeling magazine, asks NAR members nationwide to evaluate a variety of home remodeling jobs and then project the ROI homeowners could expect to receive when they sell their homes. The study, available at www.costvsvalue.com, details both the national average value returned for common renovation projects, as well as the expected ROI in nine U.S. regions and 101 U.S. cities. For access to detailed renovation data on the go, an iPhone app is also available through the Apple iTunes store.