Your garage isn’t just a place to use as a dumping ground in the absence of other storage. It’s also the place where you’ll be housing one of your most expensive possessions: your car. As such, it’s important to have garage doors that are functional and don’t give you trouble.
But what if your garage doors are worn and wonky? Or what if you’re flipping a home whose garage doors have seen better days? Is replacing them worthwhile?
What does it cost to replace garage doors?
Putting in a new garage door costs an average of $2,100, according to the National Association of Realtors (NAR). But that price could vary depending on what your garage looks like. If you have an oversized door to replace, you could end up spending more. And if you have a two-car garage, you’ll probably want to replace both doors at once.
What return on investment will you get?
NARI reports that if you spend $2,100 to install new garage doors, you’ll recoup $2,000 when you sell your home. That means you’ll get 95% of your investment back, which is a pretty strong number in the grand scheme of home renovations.
Having new garage doors could also make your home easier to sell. In fact, 16% of Realtors have suggested that sellers undertake this project before listing a home. And 2% say that new garage doors have helped them close a sale. Granted, that’s not a huge percentage, but when you consider the cost recovery associated with new garage doors, it makes the case that it’s a worthwhile upgrade.