Installing a new garage door can be a wise investment, not only for improving the functionality and aesthetics of your home, but also for potentially increasing its resale value.
Generally, replacing your garage door offers a high return on investment (ROI). According to the 2023 Remodeling Magazine’s Cost vs. Value Report, installing a new garage door boasts a 102.7% ROI, meaning you can expect to recoup more than the cost of the project when selling your home.
How Much Does a Garage Door Cost?
The cost of a new garage door can vary significantly depending on several factors, including:
- Door size – Standard single garage doors are generally cheaper than double or custom-sized doors.
- Material – Steel doors are the most affordable option, while wood, fiberglass, and aluminum can be more expensive.
- Style – Basic models with minimal design features are typically cheaper than doors with windows, decorative hardware, or custom finishes.
- Insulation – Insulated doors cost more than non-insulated ones, but they can improve energy efficiency and noise reduction.
- Brand and features – Different brands and additional features like automatic openers, keypads, and smart home integration can also affect the price.
Here’s a general breakdown of the cost range for new garage doors, including installation:
- Basic steel garage door – $730 – $1,700
- Standard insulated steel garage door – $1,200 – $2,500
- Wood or composite garage door – $2,500 – $6,000+
- High-end custom garage door – $4,000 – $10,000+
It’s important to remember that these are just estimates, and the actual cost for your specific needs can be higher or lower. To get a more accurate estimate, it’s recommended to consult with a local garage door contractor who can assess your specific requirements and provide a detailed quote.
How Much Value Does a New Garage Door Add to My Home?
If you spend the national average of $4,302 on a new garage door, you could potentially see an increase in your home’s resale value of around $4,418. This is significantly higher compared to other home improvement projects.
While 102.7% is the national average, the actual value increase you experience can vary depending on several factors:
- Local Market – Different regions have varying housing market trends, which can influence the impact of renovations on property value.
- Door Quality and Material – Higher-quality materials like steel or insulated doors generally offer a higher ROI compared to basic models.
- Door Design – A visually appealing design that complements your home’s architecture can enhance curb appeal and potentially increase value.
Overall, while the exact value increase may vary, a new garage door can be a cost-effective way to enhance your home’s curb appeal and potentially boost its resale value.
Written by Connecticut Garage Doors Company, which specializes in maintenance, installation or repair of garage doors in Connecticut, USA. The company operates several local brands like Bridgeport Garage Doors, Stamford Garage Doors, Manchester Garage Doors, Waterbury Garage Doors, Norwalk Garage Doors, Danbury Garage Doors, Greenwich Garage Doors, West Hartford Garage Doors, Fairfield Garage Doors and Milford Garage Doors.