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    Which Home Improvement Project Offers the Highest Return on Investment

    Summer is often the perfect time to make improvements to your home, but it can be difficult to decide which renovations are worth the money. Most people would likely identify kitchen and bathroom remodels as offering the highest return on investment, but they are far outranked by a straightforward and affordable yet impactful project—replacing your garage door.

    Remodeling Magazine has compiled an annual Cost vs. Value Report of the most common remodeling projects completed throughout the country for over two decades. This report compares the costs of these projects with estimates by real estate professionals concerning how much they improve the resale value of the home. In the most recent version of the report for 2021, nine of the top 10 projects with the highest return on investment are exterior updates that improve the functionality, curb appeal, and property value of the home.

    Garage door replacements have ranked highly for years, but this year they reached the number one spot for highest ROI of any home improvement project. This project costs an average of $3,907 and yields an estimated resale value of $3,663, providing an impressive 93.7% return on investment. Garage door replacement is followed by manufactured stone veneer, midrange kitchen remodels, fiber cement siding, vinyl windows, vinyl siding, wood windows, wood deck, steel entry door replacement, and composite deck. The lowest ranking project is an upscale master suite addition at 47.7%.

    While you may have your own specific concerns with your property that you want to focus on in your next renovation, it is beneficial to consider this information to make an informed decision and get the most bang for your buck. New garage doors improve the value of your home by increasing energy efficiency, improving safety and security, reducing maintenance and repair costs, and enhancing the curb appeal of your home. 

    Boost the Value of Your Home With a New Garage Door

    If you are considering tackling a home improvement project this summer, a garage door replacement should be at the top of your list. Contact American Door today to speak with our team, and we can evaluate your unique needs to select the perfect garage door for the architectural style of your home. We offer wood garage doors if you desire a traditional look and steel garage doors for low maintenance, better insulation, and higher energy efficiency.

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