One of the considerations when investing in home improvements is the cost versus value of the project. While some home improvements need to be completed regardless of the value, those looking to get the most bang for their buck may want to consider replacing the garage door. According to Remodeling.com, an online home improvement site, garage door replacements are one of the top home improvement projects that give you the highest value versus cost.
2014 Cost Vs Value Report
Each year Remodeling releases a Cost Versus Value report, which provides a breakdown of the top home remodeling projects for the previous year and their effect on home value. This report lists the average cost for these projects, how much value they add to the home and the recouped cost on the project. The report is broken into two categories for the national averages, mid-range and upscale projects. In both categories, garage door replacement was in the top five.
- Mid Range. In the mid range projects, garage door replacement ranked fourth on the list, with an average investment of $1,534. The cost recouped percentage was 83.7%.
- Upscale. In the higher end projects, garage door replacements ranked second, with an average project cost of $2,791 and a recouped cost of 82.9%.
What these numbers and ranking reflect is which home improvement projects will be the best investment, adding the most value for the money spent. This is extremely important for homeowners who plan on selling their home in the next few years. Replacing an old garage door can increase the curb appeal of the home and is a wise use of home improvement funds.
Posted on behalf of Legacy Garage Doors
