If you are one of the millions of Americans trying to sell your home, you know what a tough market it is these days. The huge backlog of residential re-sales on the market, strict mortgage lending requirements, and the seemingly inexhaustible supply of foreclosures all add up to create a housing market in which there are far more homes for sale than there are qualified buyers.
In order to move your home, you can either keep slashing the price or do something to distinguish your home from similar homes on the market. As any real estate agent will tell you, “curb appeal” helps sell homes. By investing in the appearance of your home, you encourage buyers to make an offer on your home rather than a similar, but less attractive home down the block.
At the same time, you want to spend carefully. You don’t want to spend a lot of money that you won’t be able to recover from the sale of the house. In that case, you are better off just reducing the price of the home.
One often overlooked yet cost effective upgrade is replacing a tired looking garage door. A new garage door can significantly improve the appearance of your home and has a surprisingly high return on investment according to Remodeling Magazine. Their most recent report indicates that a homeowner can expect to recoup more than 80% of the cost of a new garage door when the house sells.
Your net cost is only a few hundred dollars for a beautiful new garage door that can help your home move from “for sale” to “sold!”
