Home Improvement Project With the Most ROI in 2018

Who doesn't love a good remodeling project? What makes home improvement projects even better is when they offer a great return on investment (ROI) for your efforts. You may be thinking about replacement windows for winter, or a new front door, but what will provide the most bang for your buck? According to the new 2018 Cost vs. Value Report from Remodeling magazine, replacing your old garage door with an upscale new model is the best value of the 21 midrange and upscale projects that were evaluated. 

Garage door replacements yield the highest ROI

Why does home value matter? Well, it may not seem like much, but increasing the value of your home makes it quite worthwhile if you plan to resell it at some point. The 2018 Cost vs. Value study reports that the average national cost for a garage door replacement is $3,470 and the value of a new garage door at home resale is $3,411. This means you recoup 98.3% of the cost! A new garage door replacement pretty much pays for itself!

A new garage door can revamp the entire front exterior of a home. Even if you don't plan to sell your home in the near future, replacing an old garage door can change the entire look (and perception) of your home for the better. In 2017, we shared that the Cost Vs. Value Report ranked a garage door replacement as the #3 home project under $5,000 to deliver the most resale value. Jumping from third to first place, it's apparent that upscale garage door replacements have been, well, a valuable trend this past year! 

Stepping up your curb appeal is great, but a new garage door improves more than your home's aesthetic. An upscale garage door will improve the energy efficiency of your garage, and if it's attached, your home. Poor garage insulation can wreak havoc on heating bills in the winter. By replacing your garage door with a properly-insulated model, your garage won't let as much heat escape and you'll be able to keep things comfortable without spending tons of money on heating expenses each month. 

Getting the most out of your garage door replacement 

The value of a new garage door may speak for itself, but what about the model, or the technicians who install it? At Hamburg Overhead Door, we offer the best of the best when it comes to garage door brands. Home improvement projects are an exciting process with the right resources and plan. When you're ready to replace your garage door, we're here to make it seamless and enjoyable!