Does a Garage Door Really Increase Home Vaue?

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does a garage door really increase home value
 

Before placing your home on the market for sale, real estate professionals recommend preparing your house for market. We can all agree, it is not a good idea to list a home without preparation. In today’s competitive real estate market, many homebuyers have high expectations and are looking for an updated home without maintenance issues.

When thinking about remodeling projects to increase a home’s value, many of us gravitate to things like creating a master suite, a kitchen or bathroom renovation, or a deck addition. While these changes can increase home value, they do not give you the best return on investment. Remodel magazine’s2016 Cost vs. Value reports states, “As a general rule, the simpler and lower-cost the project, the bigger its cost-value ratio. Four of the five projects that cost less than $5,000 for a pro to do were ranked in the top five for cost recouped.”

Of those top five remodels referenced having the best cost-value ratio, two are garage door projects. A professionally installed midscale garage door replacement keeps an average 91.5 percent of the job cost. An upscale garage door replacement returns 90.1 percent. In fact, the report found the potential for a 100 percent return depending on the real estate market.

How does a garage door add home value? The benefit is two-fold: as a maintenance issue and increased curb appeal. Updating a highly visible item, like a garage door, informs a home buyer that you take maintenance seriously. However, curb appeal gives a buyer their first impression of a home’s value. Real estate professionals agree, homes with curb appeal sell faster and for a higher price.

If you would like to talk more about how a garage door increases home value, or need more information, please contact us at A Plus Garage Doors. In Eastern Shore call 251 626-0773 and in South Baldwin County call 251 971-3331.

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