This year remodeling.hw.net did a cost/value analysis of home improvement projects. The report was separated into national level, regional level, and city level. It sought to convey facts regarding how much people pay for home improvement projects on both a midrange and upscale investment. The study looked at projects varying from a grand entrance, bathroom addition, new siding, garage door replacement, sun room addition and more. The data reached a conclusive outcome and speaks overwhelmingly positive to the influence of a garage door replacement in your home.
Out of every single mid-range home improvement project that was surveyed in the Middle-Atlantic region by the experts, garage door replacement ranked second in regards to the cost recouped by owner. It fell just a few percentage points behind steel entry door replacements. This means that in New York, Pennsylvania, New Jersey… all the way down the east coast, a garage door replacement is one of the top projects to add to your home with respect to return on investment. The cost/value for a garage door replacement came out to 84%. Or the owner who took the initiative to upgrade his garage door, made back 84% of his money.
If we extend this research to upscale home improvements rather than mid range budget projects garage door replacement becomes the most economical home improvement project. Out of every project that was surveyed, upscale garage doors provide owners with the highest return on investment. The competition included a master suite addition, a major kitchen remodel, composite deck addition and more large scale projects. All of those major design and installation projects turned out to be a far less economical investment than a garage door project.
The data is particularly relevant to those in the Poughkeepsie NY region. On average the cost recouped by homeowners who chose a garage door replacement was 78%. To put that into perspective, a master suite addition only recoups an average of 46% for residents in the Poughkeepsie, NY region. The highest return on investment one can find in Poughkeepsie is a garage door replacement for your home.
Find out how to add to your curb appeal with a free consultation from Hudson Valley Overhead Doors and Operators. Not only will you be upgrading the look of your home, you will be increasing its value and earning your money back. Hudson Valley Overhead Doors has the team available for consulting and design to help you earn money back on this investment.