Real estate agents like to say that the three things that determine the value of a house are location, location and location. But they also talk about “curb appeal”—the impression a house gives when you first approach it. It also helps determine value and makes a house feel like home. While the garage door may not be the first item you think of improving when you’re putting your house up for sale, but realtors say it’s worth giving it some attention.
Your garage door is the single largest moving part on a home and, because it often faces the street, it plays a large part in your homes’ overall appearance. Curb appeal is a critical factor in selling a home. If a prospective buyer doesn’t like the view from the street, chances are he won’t waste time going inside.
In a recent study 300 realtors nationwide were surveyed to determine if garage door appearance made a difference in the listing price they would assign to a house. Nearly all of the agents interviewed agreed that a new garage door enhances curb appeal and 75 percent believe it adds value to a home. In fact, most realtors have recommended that a homeowner replace their garage door when listing their house for sale because of the condition of the door. Nearly half said appearance was a big reason because the age or style of the door detracted from the home’s curb appeal. Check out how homes look before and after new garage doors were installed.
When it comes to adding value to a home’s list price, the right garage door does make a difference. Depending on the style of the door, and how it fit in with the architectural style of the house, realtors increased the list price anywhere from one to four percent. On a $350,000 home, that’s an increase of somewhere between $3,500 and $14,000 just because of the garage door. This doesn’t mean that a home has to have a designer garage door but the door has to enhance the overall appearance.
The average price for a new garage door ranges from $800 to $5,000 depending on the size of the door and the material it’s made from. The most popular look in garage doors right now is the carriage-house style door. The doors look like old-fashioned swing-out doors but function like modern roll-up doors with an electric garage door opener. The choices for design, color and materials are virtually endless.