Now that you have perhaps received your tax return, maybe you should consider replacing your garage doors.
Not only do new garage doors improve curb appeal and make you proud to turn into your driveway, but they will also increase your home value if you are ever considering selling.
The nice thing about updating your garage doors is that the return on your investment is nearly recouped. Read on for more beneficial reasons to spend your tax return on new garage doors.
ROI Value
Remodeling Magazine put out a report in 2021 outlining different remodeling projects, comparing the average cost versus the resale value. Out of 22 different projects ranging from siding replacement to a kitchen or bathroom remodel, replacing your garage doors costs only slightly more ($3,907) than its resale value ($3,663). That means 93.8% of the cost was recouped!
Increase Your Home’s Selling Price
Clopay, a garage door manufacturer, put out a report in 2018 where they partnered with an independent research firm to conduct a nationwide survey. The survey asked realtors if they thought garage door updates had any effect on the home’s listing price.
Here are the results:
- 70% of realtors thought that a new garage door sells a home faster
- 80% of realtors thought a new garage door improves home value
In the end, realtors estimated that replacing garage doors can increase the home sale by an average of 4%, depending on the style of door.
While this was a study conducted in 2018, it’s not hard to see why this still is true! New garage doors can absolutely help the sale of your home.
Thompson Garage Doors | Replace Your Garage Doors Today!
Whether you’re considering selling your home or just want a fresh, modern update on your home, consider replacing your garage doors!
There are so many great options to choose from a modern mid-century look to a rustic wood feel. We can help you choose the right style for your home.
Our garage door experts will help you choose your doors, install those doors with the right accessories, and provide maintenance and service if ever needed!
Call today to get started: (775) 356-6601. Don’t let that tax return go to waste!