November 29, 2022

Benefits of Garage Door Replacement

A garage door replacement can provide excellent value to your home. A new garage door can give your home an updated look and feel, while also increasing its curb appeal. A garage door replacement can also improve your home’s energy efficiency, which can save you money on your energy bills. Replacing an old or damaged garage door is a great way to improve the value of your home, should you ever decide to sell it. 

Increased Home Resell Value

When you’re looking to potentially sell your home, replacing the garage door is one of the easiest ways to increase its curb appeal, making it more attractive to potential buyers. Curb appeal is important when trying to sell a home because it is the first thing potential buyers will see when they drive up to the property. If the outside of the home is not well-maintained, it will give the impression that the inside of the home is also not well-maintained. This could lead potential buyers to believe that they would need to put a lot of work in the property if they were to purchase it, which could deter them from not making an offer. 

Reduced Energy Costs

In addition to increasing the value and curb appeal of your home, a new garage door can also help to improve its energy efficiency. An old or damaged garage door can let in drafts and cause your home to lose heat, leading to higher energy bills. There is no definitive answer to how much money is lost due to poor insulation from an old garage door, as it depends on a number of factors such as the age and condition of the door, the type of insulation used, the climate, and how often the door is used. However, it is generally accepted that poor insulation can lead to higher energy bills and increased wear and tear on the door itself. Replacing a garage door is important when considering Ontario’s and BC’s winters because a well-insulated door will help keep the heat in and the cold out, saving you money on your energy bills. 

High Return on Investment

According to this report by Remodeling by JLC, the ROI (return on investment) ratio for garage door replacement was rated #1 out of 22 renovation projects, at 93.3% of the cost recouped. In other words, if you invested $4,000 for a garage door replacement job, you’d get $3,732 returned to you as part of the selling price for your home. Economically, having a new garage door will very likely provide your home with increased value both while you own it and if you decide to sell it. The savings you’ll receive are the result of not only a high ROI if selling the house, but also in terms of energy costs depending on the type of insulation you decide to outfit the garage door with. 

If you need more consultation on what kind of garage door you need for your current home, or if you’re looking to sell your house and need some great ways to easily increase its curb appeal, feel free to get in touch with us. One of our team members will be happy to help you find the perfect garage door for your situation. 

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