It is one of the last things homeowners think of when they sell their house, but many house buyers are swayed by the appearance of the house from the street. Since the garage door is the largest moving part of a home it needs to have an inviting look. The overall appearance of the house depends on the garage door. Realtors refer to this cosmetic aspect of selling a home as "curb appeal". If the buyer doesn't like to view from the street, chances are they won't even go inside.
It also can decrease or increase the listing price from 1-4 percent. That can be quite a large number when fit into the listing price of most houses. On a $350,000 home, that's an increase or decrease of $3,500 to $14,000. This amount was determined by using the gap between the average estimated selling price of each house with a basic garage door (before remodel) and the average estimated selling price of that same house with various styles of replacement doors (after remodel).
You don't have to take out a loan on the equity of your home to achieve these results though. Don't worry about having a designer garage door or the newest trend. The door just needs to adequately enhance the overall appearance. Make sure to compare the cost of the garage door and the cost of installation. You are expecting a return on what you put out, so don't over spend. Under spending can have a detrimental effect as well; don't be so cheap that you end up spending your time and money for essentially nothing because it did not improve your house according to the potential buyers.
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