The Greatest Return on Your Improvement Dollar in the Most Unlikely Place

It’s smart to keep resale value in mind anytime you want to remodel. Most homeowners would assume the big ticket items are the best way to get a great return on their investment. While a great kitchen, bathroom upgrade, or fresh paint job won’t hurt, there is one unlikely home improvement project that’ll actually give you an incredible return on your investment.

The garage door.

Yes, you read that right. Replacing your garage door is a great investment for the future of your home. We promise this isn’t a joke or a scheme from a garage door company to make themselves more money. It’s true! Replacing your garage door will give you a return of around 98.3%. That’s pretty incredible.

There is actual research to back this up. This figure is from the 2018 Cost vs. Value Report from Remodeling Magazine. Replacing a garage door ranked highest on their list of potential home improvement jobs. They ranked common projects and what the return, if any, was for homeowners when they sold their home. This is great information for homeowners who might be looking to remodel.

The replacement of a garage door is a relatively inexpensive remodeling job. Whether you’re replacing an outdated door with old mechanics or just making a cosmetic improvement, a garage door is a project that actually makes good financial sense.

The benefits of an improved garage door are countless. Mainly, it improves your home’s curb appeal. Your curb appeal is paramount when selling your home. Never underestimate the power of a great looking exterior. Replacing a dated or dented garage door with something that’s cleaner and more modern goes a long way. Garage doors take up a decent amount of real estate on a home, future buyers will appreciate your investment. 

It’s also possible to improve your home’s energy efficiency with a newer, better insulated garage door. The garage is not usually heated and cooled, so a door that helps control the temperature inside will pay off in the long run.

It may not sound terribly exciting to think about replacing an old garage door. It’s a home improvement project future buyers may not even realize you’ve done. Nonetheless, it’s a great way to do something for your home that will have a real impact and net you a great return. Next time you’re itching to update something, think about that neglected garage door first!