Many people are surprised to learn that garage door replacement is a terrific home improvement investment. According to Remodeling magazine, homeowners who replace a garage door can realize a surprising 84 percent return on investment (ROI). That's a better ROI than a bathroom or kitchen remodel can generate, at least in terms of national averages.
In fact, of the 22 remodeling projects tracked in the 2010-1011 Remodeling Cost vs. Value Report , the only one that actually showed a bigger ROI than in last year's report was garage door replacement.
The national average cost for a mid-range garage door replacement was $1,291, while the resale value of that upgrade was $1,083. The specifics of this garage door replacement are as follows:
- Remove and dispose of the old 16 x 7 ft. garage door and tracks
- Install a new four-section garage door and new galvanized steel tracks
- Reuse the existing garage door opener
- The new door is uninsulated embossed steel with a double coat of baked-on paint, galvanized steel hinges, and nylon rollers, carrying a 10-yr. limited warranty
Note, however, that upgrading with a higher priced garage door (costing $3,545) has an ROI of 69.8 percent ($2,476). Still, only siding and window replacement provide a better return at the resale time.
If you're interested in an environmentally responsible garage door replacement, take a look at this article for suggestions. You will also want to find the best possible contractor to install your garage door replace. The article How To Find a Good Garage Door Repair Technician should help you in that effort.