You have to invest in property maintenance. Your garage is one of the parts of the home that you have to work on. Your garage door is where you will see the biggest need for maintenance. Yes, a garage door is very expensive to replace, but you will also gain a number of very important benefits. Through a number of different channels, a new garage door will actually increase the value of your property overall.
You will immediately notice a rise in the overall market value of your property. The older your existing door is, the more your property value will rise if you replace it. A nice looking door is very attractive to potential buyers as well, making it easier to sell your property. Do try to replace your door with one that is very low maintenance. In doing so, potential buyers will know they won’t have to budget for a new garage door any time soon themselves. We know that the return on investment factor is very high for a garage door. It has been calculated that it is not uncommon to see a 75% ROI with a new garage door.
The ROI is so high because the appearance of your home is so much improved. Furthermore, you can choose a range of different styles, finishes and colors to make the house even more appealing. Also, you will notice that the cost of heating your home is reduced after a new garage door. This is something that will also make the property more attractive. Even if you don’t sell the property, this will help you towards your ROI. Finally, the safety of your property is increased. This is something that potential buyers are highly interested in. As a result, home insurance prices will go down. Properties that are low on insurance tend to fetch a lot more on the buyers’ market. You do, however, have to understand that you have to sell your property within two years of replacing your garage doors. After that, the garage door will once again be classed as “old”, and there will be no more influence on the value of your property. This doesn’t mean that you will suddenly see a huge reduction in your home’s value, but rather that the novelty of the door will have worn off. As such, do consider when you intend to sell before you decide to replace the door. If you intend to sell in three or four years’ time, you may want to wait a year or two before investing.