Boost Your Home’s Value with Garage Door Replacement: A Remarkable 102% ROI

Replacing your garage door provides a smart, affordable way to add curb appeal and value to your home.

Remodeling Magazine’s 2023 Cost vs. Value Report

As a homeowner, one of the ultimate goals for any home project is ensuring a solid return on investment. And for anyone planning on selling their home, the housing market remains fiercely competitive, prompting innovative ways to make a potential property stand out and entice potential buyers.

Enter Remodeling Magazine’s 2023 Cost vs. Value Report. This comprehensive study assesses the return on investment for 23 remodeling projects around the home. The study reports that replacing your garage door yields impressive returns and is one of the top return on investment (ROI) projects you can embark on when remodeling your home:

Kitchen revamps, it’s time to step down. The limelight is on exterior makeovers!

Let’s face it—home improvement projects can be financially demanding. That’s why it’s imperative to carefully weigh the potential return on investment before moving forward with renovation. The 2023 report demonstrates that homeowners can expect to recoup a staggering 102.7% of their garage door replacement costs. In simpler terms, for every dollar spent on a new garage door from Overhead Door Brand, the house value typically increases by more than the amount invested. In comparison, kitchen remodels cost on average six times more than garage door replacements and only recoup 85% of their investment. The exceptional return on investment of replacing a garage door positions it as one of the most effective means to boost your home’s curb appeal and bolster its financial status.

The Cost vs. Value report continues to indicate that exterior upgrades outperform interior renovations when it comes to property sales. Garage door replacements specifically have ranked in the top five best home improvement projects for 13 consecutive years. However, this year in particular is especially remarkable as it was the first time a garage door replacement has had an ROI of more than 100%.

“The impact a home’s curb appeal has on resale value cannot be underestimated.,” Overhead Door™ Brand Marketing Manager Brandon Bolin said. “In an incredibly competitive housing market, it’s crucial to find innovative ways to distinguish your properties, attract potential buyers and maximize your investment’s value. The ROI supports the premise that investing in a high-quality garage door is not merely an expense but an investment in the home’s overall worth.” 

Installing a new garage door can profoundly transform your home’s facade, instantly boosting its curb appeal.

New Looks: Garage doors taking on a new modern approach

With the launch of Overhead Door’s new Artisan Wood Grain™ finishes, your home can take on a sleek aesthetic that might have never been seen by neighbors or prospective buyers before. These new garage doors take the durability of steel and combine that with the beauty of a wood grain look, making your home the talk of the neighborhood.

Interested in learning more about what cost vs. value is? Watch the quick video below for an easy explanation.