The concept of curb appeal is increasing in importance as you consider the digital aspect of marketing real estate in today’s marketplace. The first look that most homes receive occurs on the screen of a computer, smart phone or tablet. Pictures sell homes and anything you can do to enhance that first impression will benefit you today and in the future. Seven of the top ten projects on the following report involve the exterior of the home and impact its’ curb appeal.
Fort the second year in a row (2018 and 2019) the Cost vs. Value Report (www.costvsvalue.com), an upscale garage door replacement soared to the top spot in the rankings of all 21 midrange and upscale remodeling projects studied. This is the first time in the history of the Cost vs. Value Report that a garage door replacement ranked first of all remodeling projects. Remodeling magazine’s report compared the average cost for 21 popular remodeling projects with the value those projects retain at home resale in nine U.S. regions and 100 U.S. markets. Garage doors have been included in the annual report since 2010.
In the new study, the approximate $3,470 cost for an upscale garage door replacement delivered an estimated “value at home resale” of $3,411, equating to a 98.3 percent return on investment (ROI), up from 85 percent. The remarkable 98 percent return means that an upscale garage door replacement virtually pays for itself. No other remodeling project delivers better value.
You can enjoy the beauty of your new door today knowing that your investment will provide a return at the time of sale. Please contact us at American Door Works and we will explain the options available to enhance the beauty and functionality of your garage.
Project | Job Cost | Resale Value | Cost Recouped | |
Garage Door Replacement | $3,470 | $3,411 | 98.30% | |
Manufactured Stone Veneer | $8,221 | $7,986 | 97.10% | |
Entry Door Replacement (steel) | $1,471 | $1,344 | 91.30% | |
Deck Addition (wood) | $10,950 | $9,065 | 82.80% | |
Minor Kitchen Remodel | $21,198 | $17,193 | 81.10% | |
Siding Replacement | $15,072 | $11,554 | 76.70% | |
Window Replacement (vinyl) | $15,955 | $11,855 | 74.30% | |
Universal Design Bathroom | $16,393 | $11,581 | 70.60% | |
Bathroom Remodel | $19,134 | $13,422 | 70.10% | |
Window Replacement (wood) | $19,391 | $13,468 | 69.50% | |
Roofing Replacement | $20,939 | $14,320 | 68.40% | |
Grand Entrance (fiberglass) | $8,591 | $5,809 | 67.60% | |
Deck Addition (composite) | $17,668 | $11,239 | 63.60% | |
Bathroom Addition | $44,717 | $26,769 | 59.90% | |
Major Kitchen Remodel | $63,829 | $37,637 | 59.00% | |
Master Suite Addition | $123,420 | $69,807 | 56.60% | |
Bathroom Remodel | $61,662 | $34,633 | 56.20% | |
Bathroom Addition | $83,869 | $45,752 | 54.60% | |
Major Kitchen Remodel | $125,721 | $67,212 | 53.50% | |
Master Suite Addition | $256,229 | $123,797 | 48.30% | |
Backyard Patio | $54,130 | $25,769 | 47.60% |