The Easiest Way to Get More Money for Your Home - Bob Vila

The Easiest Way to Get More Money for Your Home

One of the easiest updates to curb appeal also boasts the best return on investment, according to real estate agents.

A Garage Door Update Can Practically Pay for Itself

Photo: clopaydoor.com

Hoping to sell your home this season? Undoubtedly, you want the very best offer. So, before you put your home on the market, you’ll likely tidy up, repaint, and even stage the interior to attract the highest possible bids. Don’t, however, make the mistake of neglecting the exterior in the process. Your home’s facade holds the power to invite potential buyers to open up their wallets—or to snap them shut.

According to recent reports from Hanley Wood’s REMODELING magazine and Clopay, as detailed in this recent Clopay article, a single change to your exterior could give you leverage to boost your asking price by as much as 4 percent—anywhere between $8,000 and $14,000, depending on the home’s initial listing price. The moneymaker? A replacement garage door that better suits your home’s style.

Indeed, the garage door experts at Clopay shared these details of the company’s own research:

In January, residential garage door manufacturer Clopay partnered with an independent research firm to conduct its own nationwide survey to gauge Realtor perceptions about the garage door category, and to determine if garage door appearance made a difference in the listing price they would assign to a house. Here’s what they said:

· 70 percent of Realtors agree that a new garage door helps sell a home faster
· Over 80 percent of Realtors believe a new garage door can impact home value

Think of it as an investment in first impressions—one that essentially pays for itself. In fact, the 2018 Cost vs Value Report (costvsvalue.com) conducted by REMODELING magazine rated the garage door as the number one project for return on investment.

But there’s no need to wait until it’s time to sell your house to upgrade that garage door. Do it for yourself, so you can enjoy your home’s improved curb appeal now and still benefit from the respectable return on investment when the time comes to sell.

Get all the details from the article at clopaydoor.com.



This article has been brought to you by Clopay. Its facts and opinions are those of BobVila.com.

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