Realtors Say Improving a Home’s Curb Appeal Adds the Most Resale Value
Any real estate professional will tell you curb appeal matters, a lot. If prospective buyers don’t like what they see from the street, they won’t waste time going inside.
A new garage door is an easy upgrade that can boost a home’s curb appeal and asking price, without breaking the bank, and these numbers prove it.
Garage door replacement claimed the top spot in REMODELING magazine’s annual Cost vs. Value report, which ranks home improvement projects by their return on investment at resale.
The 2018 report says the approximate $3,470 cost for an upscale garage door replacement delivered an estimated $3,411 when the house sold, equating to a 98.3 percent ROI on average, nationwide.
In 46 of the 100 individual markets, an upscale garage door replacement actually recoups more than 100 percent of its cost.
In January, Clopay partnered with an independent research firm to conduct its own nationwide survey to gauge realtor perceptions about the garage door category, and to determine if garage door appearance made a difference in the listing price they would assign to a house. Here’s what they said:
- 70 percent of Realtors agree that a new garage door helps sell a home faster
- Over 80 percent of Realtors believe a new garage door can impact home value
- Realtors estimate that upgrading a garage door can increase the perceived selling price of a home by up to 4 percent, depending on the style*
- With the average U.S. home price estimated at $206,300 in 2017, this can mean an incremental increase of $8,000 to $14,000, just because of the garage door.
If you are in need of a new garage door or simply want additional information contact Raynor Garage Doors of Kansas City at 913-422-0441 or www.raynorkc.com
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