Garage door replacement has secured the #2 spot for the highest return on investment (ROI) according to the 2020 Cost vs. Value Report by
Remodeling magazine and the National Association of Realtors (NAR). Since 2010, the first time garage door replacements were included in the
Cost vs. Value Report, they have ranked among the top five projects.
(Model 6600 Carriage House Steel)
The information from this year's study indicates that U.S. homeowners who chose to increase curb appeal with a garage door replacement project, on average, saw up to a 94.5 percent ROI at resale. In select markets, that number reached as high as 132.7 percent.
"The first thing a potential home buyer sees is the exterior, so a great first impression is critical in persuading the individual to see more. A new, well-crafted front-facing garage door adds instant curb appeal to any home. Whether remodeling to sell or remodeling to stay, a garage door replacement is sure to make a lasting impression," said Sarah Schram, Senior Brand Manager at Wayne Dalton, a premier manufacturer of residential garage doors.
The report compares average construction costs provided by RemodelMAX, a publisher of estimating tools for remodelers, for 22 remodeling projects with the value those projects retain at resale in 101 U.S. markets. Nine out of the top 10 high-return projects evaluated in the 2020 Cost vs. Value Report focused on exterior upgrades to the home. The only interior upgrade to rival the average exterior home improvement project return on investment was minor kitchen remodels.
Learn more about our
Garage Door Design Center app. When using the app, you can upload a photo of your home and experiment with panel designs, color options, window styles and decorative hardware designs. Instant curb appeal awaits you with just a click of your mouse.
The Overhead Door™ brand, a division of Overhead Door Corporation, is a sponsor of the Cost vs. Value survey.