When it comes to increasing your home’s value, some home improvements are better than others. Replacing an old, worn-out or unsightly garage door is one of the best improvement projects you can undertake. Studies have shown that replacing a garage door allows homeowners to recapture more than 80% of the cost through increased resale value.
Enhance Your Curb Appeal
If you are thinking of putting your home on the market, replacing the garage door could make a huge difference for curb appeal and help the property sell more quickly. Modern home buyers are more demanding than ever before, and they are likely to pass on properties that do not meet their exacting standards.
Like it or not, the garage door is an integral part of your home’s curb appeal. If the garage door is more than a decade old, it probably does not have the modern touches buyers are looking for these days. Replacing that dated garage door with a more modern version will certainly enhance the beauty of your home, but it could increase its value as well.
Invest in Energy Efficiency
Installing a new garage door can be a smart investment even if you plan to stay put. The garage door plays a big role in your home’s energy efficiency, so replacing a poorly insulated garage door with a newer model could save you big bucks on your heating and cooling bill. You may even be able to save enough to pay for the cost of the upgrade.
If a full garage door replacement is not in your budget, you can still enhance the beauty of your home and improve its curb appeal. Something as simple as a new paint job could make a world of difference, especially if your garage door is more than a few years old. A fresh coat of paint will make your garage door look like an integral part of your home exterior instead of a mere afterthought. This is especially true if you are able to accurately match the shade of your home trim, or if you can find a contrasting color that enhances the overall look of the property.
Home Security Benefits
The right decorative lighting can make a huge difference as well, and it will not cost as much as a full garage door replacement. You can experiment with several different types of lighting, from fancy LED accents to practical floodlights designed for safety. The garage door is an integral part of your home security system, and lighting it up can keep would-be burglars at bay.
If you are looking for a home improvement project that provides real bang for the buck, replacing or updating an old garage door cannot be beat. A garage door replacement may not cost as much as you think, and accenting and updating an existing garage door will cost even less. That small investment can pay dividends now and when you sell your home.