Archives

All Posts Tagged Tag: ‘cost vs value report’

  • The Year of the Garage Door: Over 90% return on midrange and upscale garage door replacement

    Garage Door Replacement Boasts 90% Return

    Remodeling Magazine recently published their Cost Versus Value Report for 2016. In it, they compare the average cost of a number of remodeling projects with the value retained at resale in 100 US markets. They also list the difference between projects on a mid-range scale and upscale level.

    Garage Door Replacement

    According to their national data, Garage Door Replacement projects in the mid-range scale cost an average of $1,652. Of that investment, $1,512 is recovered at resale, making the return on the investment a major 91.5%.

    In an upscale project Garage Door Replacement projects cost $3,140, of which $2,830 is recouped at resale. That’s another return just over 90%.

    These numbers indicate that a new garage door can positively impact the sale of a home and indicate that they are well worth the investment of time and money to obtain.

    (Note: you can also break down the trends into nine predefined regions other levels of detail.)

    For more information about the Cost Vs. Value Report, watch this 2-minute video also published by Remodeling Magazine.