Does Garage Door Replacement Offer High ROI?

As a homeowner, you’re constantly thinking of ways to maintain and improve your home’s value. As you probably already know, there are certain projects that tend to yield a higher return on investment than others. While it may not be as glamorous as a kitchen renovation or a bathroom remodel, you may be surprised to find out just how high the return on investment can be for a garage door replacement. 

In the Rankings

Year after year, garage door replacement receives top marks in the Cost vs. Value Report from Remodeling magazine. The analysis compares more than 20 different remodeling projects based on their value, retention, and ROI in various markets throughout the U.S. In the most recent study, an upscale garage door replacement took home the number one ranking for both its “upscale” project category and projects overall. With a nationwide average of 98.3% recouped value, a new garage door is an investment worth making, whether you plan to sell your home or settle in for another decade or two. 

In Use

In addition to adding value to your home itself, a new garage door offers return on investment in its day-to-day use. Here are just a few ways a new garage door brings value to your everyday life.

Energy Savings

A major way your garage door can bring value to your home is with energy efficiency. If you have an attached garage, an updated, insulated garage door is crucial to the energy efficiency of your home. A well insulated garage door acts as an additional barrier between the outdoor elements and the environment of your home. The more extreme the temperature of your garage, the more of an impact it has on the temperature of your home—and subsequently, your energy bill. A new, insulated garage door makes your home more energy efficient and has the potential to save you money month after month. 

Property Protection

While there’s no way to calculate the potential for damaged property, it’s easy to recognize how a new garage door keeps your belongings safe. An updated garage door protects your property within your garage as well as that inside your home. Updated features like locking mechanisms, improved insulation, and advanced security accessories from the MyQ technology line can all contribute to a safer, more secure garage. From extreme weather to would-be invaders, a new garage door acts as a barrier between some of your most treasured possessions and that which would destroy them.

Worry-Free Operation

Instead of using endless funds to nurse your old, dilapidated door or system along, why not instead invest money in a new one? A new garage door system will have far fewer mechanical issues than an older unit, and it will allow you to avoid repair expenses for the next few years. You can surely find value in the ease of use and dependability a new garage door brings to your life.

A new garage door yields value in both resale value and in everyday use. As you make your plan for the year ahead, consider the return on investment that a garage door replacement can offer.

If your garage door needs to be replaced, contact the professionals at Doors by George. With decades of experience in the Cedar Rapids area, our team knows how to care for all of your garage door needs. For reliable service and superior products, choose Doors by George. Get your own personalized quote now!