Understanding the ROI of Garage Door Installation
Homeowners typically have a long list of home improvement projects they’d like to complete to improve the look and functionality of their living space. While all upgrades can boost a home’s appeal to a certain degree, few projects offer the same ROI as garage door installation.
ROI, or return on investment, refers to the financial gain or benefit homeowners can expect from investing in a specific project. Investing in home improvement projects that yield a high ROI is a wise choice because it will improve quality of life and provide financial advantages in the future. In this blog, we’ll explore the remarkable ROI of garage door installation and the benefits a new door provides.
4 Factors That Affect the ROI of Garage Door Installation
- Garage Door Material – The material and design you choose for your garage door replacement or new installation directly impacts the ROI of garage door installation. A durable, high-quality material such as steel will increase the ROI. The door’s design also plays a role in determining the ROI. The design should be visually appealing and flow seamlessly with the rest of your home’s exterior.
- Insulation – Adding extra layers of insulation to a garage door is an excellent way to improve a home’s energy efficiency, which increases the value of your home. If you plan to sell your home, this is also a unique selling point for potential buyers.
- Professional Installation – Hiring a professional garage door company to install your new garage door ensures the door is handled with care and drastically reduces the risk of damage to the door. A proper and successful installation also minimizes the need for early repairs.
- Ongoing Maintenance – Investing in yearly garage door maintenance will increase the ROI of garage door installation. A well-maintained garage door will preserve its functionality and overall value. A trained technician will lubricate moving parts, clean the sensors and tracks, inspect the opener, and perform balance and safety checks.
Comparing the ROI of Garage Door Installation with Other Home Improvement Projects
Choosing which home improvement project to tackle first can be tricky! Time, energy, and money all play a part in prioritizing which projects to start with. Compared to complicated projects such as a kitchen or bathroom remodel, a garage door installation provides significant value with less time, effort, and money.
According to DASMA (Door & Access Systems Manufacturers Association International), garage door replacement ranked #1 out of 22 home improvement projects regarding ROI in 2022. New garage doors outrank new siding, windows, decks, and (as mentioned previously) kitchen remodels. With the ROI of garage door installation holding steady at an impressive 93.3%, a new garage door basically pays for itself! Learn more from DASMA’s Cost vs. Value 2022 Report.
Garage Door Installation: A Smart Investment
Replacing an old and worn-out garage door provides a high ROI along with several other benefits.
Improved Curb Appeal and Aesthetic – A new garage door installation instantly improves your home’s exterior look and feel. Choosing a garage door that complements the color and architecture of your home will work wonders for your curb appeal. A fantastic-looking garage door is also a great selling point for prospective buyers!
Increased Safety and Security – Garages safeguard vehicles and other valuable possessions. Modern garage door systems include advanced security features such as rolling code technology, WiFi connectivity, and motion-sensor lighting to improve your home’s safety and security.
Energy Efficiency and Lower Utility Bills – New garage doors, especially those with added insulation, help regulate the temperature inside the garage. By keeping warm air inside during colder weather and cool air inside during the summer months, you’ll see a decrease in your energy bills and an increase in your home’s energy efficiency!
Learn More About Professional Garage Door Installation
So, you’ve determined that a new garage door installation is the right choice for you. Now what? Connect with a trusted, local garage door company that can answer your questions and recommend the perfect door based on your home’s architectural elements, your personal preferences, and your budget.
Our team at Empire Overhead Doors proudly serves Albany, Saratoga, Schenectady, and Rensselaer Counties in New York. Ask us about our garage door products and view our gallery of recent home renovation projects. When you’re ready to experience the amazing ROI of garage door installation for yourself, schedule an appointment with our team!