Replacing an old garage door with a new one is a big investment, but it can be well worth it in the long run. Not only will a new garage door increase your home’s value, but it can also save you money on energy costs and make your home quieter and more secure.
A new garage door increases a house’s value by an average of 4%, according to Clopay, one of the U.S. largest manufacturers of garage doors.
In this blog post, we’ll break down the different factors you should consider when deciding whether or not to replace your garage door and offer some tips on how to get the most out of your investment.
How Much Would a New Garage Door Increase My Home Value?
A new upgraded garage door can increase your home’s perceived value by an average of 4% (source). Other studies have found that at a minimum you’ll recoup the new door’s costs (source).
However, the amount that your home’s value increases will depend on several factors, such as the type of garage door you choose and the condition of your home.
It’s important to note that even if you just break even the new door comes with other benefits like increased security, lower energy costs, and improved curb appeal.
How Much Does a New Garage Door Cost on Average?
The average cost of a new garage door is $1,500. However, the cost will vary depending on the size and style of the door, as well as the type of materials used.
- Standard garage door: $500 – $1,000
- Insulated garage door: $800 – $2,000
- Custom garage door: $1,000 – $4,000
- Carriage style garage door: $1,200 – $4,000
What’s the Return on Investment for A New Garage Door (install Cost / New Home Value)?
The return on investment (ROI) for a new garage door is about 4%. This means that if you spend $1,000 on a new garage door and your home is worth $100,000, your home’s value would increase by about $4,000.
While the ROI for a new garage door is high, it’s important to keep in mind that the actual value added to your home will depend on several factors. If you live in a high-end neighborhood, for example, your home’s value may increase by more than 4% with a new garage door.
On the other hand, if you live in a fixer-upper or your home needs other repairs, the value-added may be less than 4%.
What Other Benefits Does a New Garage Door Bring to A Home?
Lower Energy Costs
A new garage door can save you money on energy costs by keeping your home better insulated. An insulated door will keep your garage cooler in the summer and warmer in the winter, which can help to lower your energy bills.
Upgrade from Manual to Automatic Door
If you have an older garage door, it’s likely a manual door. Manual doors are heavy and require you to physically lift them to open and close them.
Not only is this a pain, but it can also be dangerous if the door is too heavy for you to lift.
An automatic garage door opener will make your life much easier and is a great upgrade for any home.
Improved Curb Appeal
A new garage door can also give your home’s exterior a much-needed facelift. If your current door is old and faded, a new one can instantly make your home look more modern and well-maintained.
Quieter Operation
Today’s garage doors are also considerably quieter than older versions. This is because they are more insulated, which absorbs the noise of the door opening and closing.
If you have young children or are a light sleeper, this can be a major advantage.
Increased Safety and Security
A new garage door can also help to increase the safety and security of your home. Older garage doors are more likely to be unsecured, which makes them an easy target for burglars.
Newer garage doors come with a variety of security features that make them much more difficult to break into.
Lower Maintenance Costs
A new garage door will also require less maintenance than an older one. This is because newer doors are made with higher-quality materials that are more durable and long-lasting.
Attracts More Buyers and Faster House Sales
Lastly, if you’re planning on selling your home shortly, a new garage door can be a great selling point.
Prospective buyers are always impressed by well-maintained homes, and a new garage door is a good indication that the rest of the house has been taken care of.
In addition, a new garage door can help to sell your home faster.
How Much Does Adding New Windows to The Garage Door Increase Home Value?
While adding windows to your garage door will likely increase its curb appeal, the actual value added to your home will be minimal.
This is because the cost of adding windows to a garage door is usually less than $1,000, and the average ROI for home improvement projects is about 5%.
This means that if you spend $1,000 on adding windows to your garage door, your home’s value would increase by about $50.
While the return on investment for this project is low, it’s important to keep in mind that the actual value added to your home will depend on several factors. If you live in a neighborhood where other homes have garage doors with windows this might almost be a requirement to sell your home in a timely fashion.
Whereas if your neighbors don’t have garage door windows, adding them might help sell your home faster.
Other Ways to Improve a Garage Door and Increase Home Value without Replacing the Door
There are a few other ways that you can improve your garage door without actually replacing the door itself.
One way is to add trim around the door. This will give it a more polished and finished look. Another way is to paint the door. A fresh coat of paint can make any door look new, and it’s a relatively inexpensive way to improve the appearance of your garage door.
You could also add hardware to the door, such as handles or a knocker. This can give it a more stylish look, and it’s a relatively easy way to upgrade the look of your garage door.
Conclusion
Adding a new garage door is a great way to improve the curb appeal, safety, and security of your home. It can also help to sell your home faster and for a higher price.
If you’re planning on selling your home shortly, adding a new garage door is a smart investment. While the actual value added to your home will vary depending on several factors, the average ROI for this type of project is 4%.
If you’re not planning on selling your home, a new garage door can still be a great way to improve its appearance and increase its security.
