We all know better than to judge a book by its cover — but the exterior of our homes can make a big difference! Most people want a home that reflects their personal style and makes a good first impression. There are plenty of renovations that will improve the appearance of your home, but the challenge is deciding which one will get the most bang for your buck.
Updating your garage would look great, but does a new garage door increase home value? It can actually benefit your home in more ways than one. Replacing your garage door improves curb appeal and has a higher return on investment (ROI) than you might think. Whether you’re making home improvements for your family to enjoy or preparing to list your house on the market, replacing your garage door is a wise investment.
How to Measure ROI
ROI is a metric used to calculate the profitability of an investment and is a standard function for businesses. This calculation applies to all investments, and you can even use it to measure the increased value of your home after a renovation. This metric is beneficial when planning projects within a limited budget. Essentially, measuring ROI from a new garage door can help you determine what you’ll gain financially from the insulation.
To find the ROI of a new garage door, or any home improvement project, you divide the estimated added value to your home by the cost required to complete it. Then, multiply the decimal by 100 to form a percentage. Test out this calculation, and you may be impressed by a new garage door’s ROI.
How Can Garage Doors Add Value to Your Home?
There’s a big chance you and your family use your garage multiple times every day. Whether you’re parking your car after work, using it as a storage area or enjoying it as a multipurpose space, your home’s garage is a vital part of your property. Additionally, it’s usually the first thing visitors see when they pull into your driveway.
As a result, your garage door must fit with your home’s aesthetic, provide security and be simple to operate. Fortunately, you can enjoy a high ROI as you enjoy these updates. What is the return on investment for a garage door? An updated garage door is an investment that returns more value than other renovations, including big-ticket items like kitchen renovations, at a nearly 94% ROI.
Here are some of the benefits of getting a new garage door include:
1. Enhance Curb Appeal
One of the most significant benefits of getting your garage door replaced is improving the appearance of your home. Whether you’re preparing to sell your home or making upgrades for yourself, a new garage door will be a beautiful addition. Garage doors come in a variety of styles, so you can choose the perfect fit for your house’s current look. Your property’s curb appeal will immediately improve!
2. Boost Energy Savings
Modern garage doors are designed with insulation and weather sealing to maintain a steady temperature for energy efficiency. They preserve the internal climate of the house and block out drafts from the outside. An insulated garage door will prevent your heating from escaping in the winter and your cooling from disappearing in the summer. As a result, your heating, air conditioning and ventilation (HVAC) system may run less frequently, saving you money on your monthly energy bill.
3. Complement Current Exterior
A new garage door is a gorgeous touch that will make the rest of your home shine. Replacing your garage door allows you to choose a style that will complement the rest of your home. Make a statement with an interesting design or maintain a classic look with a traditional option. A cohesive design will appeal to a broader range of buyers if you ever decide to sell.
4. Strengthen Security
If your garage door is attached to your home, it’s another entryway you need to protect and maintain. Over time, old garage doors can become weak, making it easier for an intruder to gain access. Additionally, it may only take some strong winds for serious damage to happen. It’s always smart to replace your garage door before it’s too late so you can ensure safety measures are up to par.
Thankfully, innovation has produced new security measures for garage doors, like photo eye sensors and rotating entry codes that may not have existed when your original garage door was installed. Many modern options include better locking technology and safety features that can provide invaluable peace of mind. Protect your home with a sturdy new garage door.
5. Improve Functionality
Old garage doors may cause problems as they begin to wear out. Your door might make a loud noise as it opens, get stuck while it’s closing or not work at all. If your garage door is no longer functioning correctly, it can make your garage space impossible to use.
Most people use their garage every day to park their cars, store their items or even as an extended living space. Replacing your old door will increase the utility of your garage so you can use it as a gym, home office, laundry room or playroom for the kids. A garage can function as much more than a parking spot when it’s temperature-controlled and secured with an upgraded garage door.
Insulated garage doors are durable and maintain a steady climate so you can use your garage for whatever you choose. If you’re planning to transform your garage into another living space, installing it is a must. Insulation ensures your garage is comfortable to use year-round, and can even help you save money on energy costs, which is especially helpful when your garage is attached to your home.
When Is the Best Time to Replace Your Garage Door?
Like most outdoor home improvement projects, the best time to replace your garage door is in the spring. That’s because the snow and ice will have already melted, so you can assess your garage after you’ve endured some harsh weather. This process makes it easier to spot any damage it endured in the past few months.
Blankenship Garage Doors can install a garage door replacement to refresh your home for the summer. Our team will provide superior customer service for a personal and timely experience so you can check your garage off your to-do list. Before you know it, you’ll have a garage door that boosts your home’s curb appeal and provides added security.
Types of Residential Garage Doors to Help You Get the Most of Your ROI
At Blankenship Garage Doors, we’re dedicated to providing only the highest quality garage doors for our clients. We proudly install Clopay® residential garage doors for their performance, durability and stunning designs.
Clopay® residential garage doors are beautiful and functional, helping you get a high ROI. They’re available in a wide range of materials and styles to enhance the curb appeal of your home. Choose from classic wood or galvanized steel complete with insulation so that you get the best garage door for resale value. We also offer custom garage doors so you can truly pick the best option for your house.
How to Increase Home Value With Blankenship Garage Doors
The experts at Blankenship Garage Doors in Bend, Oregon, are ready to help you increase the value of your home with a gorgeous new garage door. Our installations are fast and flawless, so you can get back to using your garage however you please. If you’re trying to sell, It may be the finishing touch that attracts an eager buyer for your home.
Contact Blankenship Garage Doors to start the installation process. Request a free estimate today!