Can a new Garage Door increase a Home’s value?

The garage door probably isn’t high on your list of priorities when preparing to sell your home. Indeed, many homeowners spend time and expense repainting walls, repairing leaky faucets, and more. But the garage door plays a large part in your homes curb appeal and in selling your home. If your home doesn’t look appealing from the street you will have a hard time convincing potential buyers to stop and come inside.

A study conducted by Stratamark Research and Clopay Door, a garage door manufacturer, sought to determine just how much an impact the garage door made on the selling price of a home. Over 300 Realtors nationwide were surveyed. They were shown before and after images of different homes with different styles of garage doors; garage doors ranging from inexpensive to high end. They were then asked to assign a selling price to each of the houses, having been told the only difference in the photos were the garage doors.

So how much of an impact did the garage door make on a homes listing price? Depending on how well the door fit with the architecture of the house and its style, listing prices increased from 1 to 4 percent. Assuming a $400,000 home with a garage door in San Diego, that corresponds to an increase of $4,000 to $16,000. That’s a big impact!

These findings do not mean that homeowners need to run out and buy a custom made garage door. But it does mean that if you are looking to sell your home, you should consider making a smart purchase on a garage door that will provide a return on investment. There are many beautiful garage doors that can be purchased and installed for under $2,000… Even $1,500. Many San Diego garage door repair and installation companies will even provide you a quote free of charge, so you can make sure you are getting the best deal.

With the economy and housing market still dragging for the foreseeable future it’s a buyers market. Increasing your homes curb appeal with a new garage door can yield big dividends, attracting buyers and increasing selling price.

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