A question many homeowners contemplate when updating their garage is, “Do new garage doors add value to a home?” According to yearly studies and surveys, the answer is a resounding yes.
|Country/Region/State||Return on Investment (ROI)|
|New Haven, CT||95%|
- Nationally, garage door replacement near the top of the list for the cost recouped from installing a garage door. Remodeling Magazine indicates that the average job cost of garage door replacement nationwide is $3,907, and the project typically adds $3,663 to the home’s resale value. That’s a 93.8 percent return on investment.
- For New England, which includes states like Massachusetts, Rhode Island, and Connecticut, the average garage door replacement cost is $3,962, and the replacement adds $3,778 to the home’s resale value. That’s a return of 94.3 percent, which is even higher than the national average of 93.8 percent.
- Within the confines of the state of Connecticut, garage door replacement for homeowners in and around New Haven, Connecticut, is an impressive 95 percent. Additionally, homeowners around Bridgeport, Connecticut and Hartford, Connecticut, receive even more value from their new garage doors, with an average cost recouped of 96 and 97 percent, respectively.
What do all these numbers mean? Nationwide and throughout New England, one of the best investments you can make in your home’s value is with a new garage door.
Superior Benefits of a New Garage Door
The reason for such impressive return-on-investments from garage door replacements is their multitude of benefits they bring to the home and its residents. These advantages include:
1. Improved Curb Appeal
If you’re thinking about putting your home on the market, enhancing curb appeal is an essential step in getting your home ready for sale. A fascinating study published in The Journal of Real Estate Finance and Economics called “Valuing Curb Appeal” indicated that curb appeal could improve a residential home’s sale price by up to seven percent when sold.
2. Better Safety
An old garage door might not close fully or may make it possible for someone to see into the garage to identify items they might want to steal. An open garage door or one that won’t close because it’s stuck or broken offers thieves an excellent opportunity to break into your home and endanger your family.
3. Better Security
New garage doors feature enhanced security options like smart garage door openers that help owners monitor the status of their garage doors and get alerts on their smartphones whenever the door opens. A garage door with a monitoring system enhances security because the door locks when closed and makes it possible to take immediate action during a break-in, even if the homeowner is a thousand miles away.
4. Less Maintenance
Replacement often becomes a topic of discussion when repairs become too frequent, and you have to make regular calls to a local garage door repair company for service. A new garage door can offer you the convenience of never needing an emergency service call. Getting a new garage door installed is also an excellent time to arrange a valuable yearly inspection with your installer.
A garage door warranty ensures that you don’t have to pay out-of-pocket for repairs inside the covered period. Contracts usually range from one to ten years, but some warranties last as long as you own the garage door. Before purchasing a new garage door, ask the installer whether the warranty is transferable to the new owner. Your buyer will appreciate the information, and the warranty may help add even more value to your home.
Replace Your Garage Doors with Palmer Garage Doors
Do upgraded garage doors increase home value? Are you intrigued about the benefits a new garage door could offer your family and home? Get in touch with Palmer Garage Doors today for a free estimate on your new garage doors and more information on the most-trusted garage door company in Connecticut.