Measuring ROI From a New Garage Door
Whether you’re updating your home to prepare to put it on the market or want your house to better reflect a certain style, considering ROI when planning renovations is important.
Renovations have great benefits for your home, but certain projects have better ROIs than others. You might be surprised which projects have the best ROI.
When thinking of common home renovations, which projects come to mind? Lots of us think about adding a back porch, updating the kitchen and remodeling the bathroom. However, many homeowners overlook the fact that replacing your garage door has one of the highest ROIs of any home renovation project.
What Does ROI Mean?
Return on investment (ROI) indicates how much value will be added to your home after completing a project. To get a basic understanding of what the ROI of an investment will be, you’ll compare the cost to complete the project to how much value is added to your home. The ROI is typically shown as a percentage.
This concept is a standard calculation in business, not just for home renovation projects. It’s often used to show how efficiently resources and assets are used to benefit a company.
How Garage Doors Add Value to Your Home
Replacing your garage door will add more value to your home than other renovation projects.
1. Curb Appeal
Your home’s curb appeal is the primary reason that a new garage door adds value to your home. Curb appeal is so important because it helps your home give a great first impression to home buyers.
When you put your home on the market, a potential buyer will make a decision as soon as they see the house or even just photos of it online. Attractive landscaping, architectural style, the front entry door, and the garage door all contribute to the curb appeal.
Replacing your garage door is a relatively inexpensive project compared to other options, and it can be a big help in giving your home an attractive look. Even if you aren’t planning on putting your home on the market anytime soon, it will be beneficial to you down the road.
2. Energy Savings
Besides the improvement to curb appeal, a new garage door can make your home more energy-efficient. This increased efficiency can lower your monthly energy bills, saving you even more money over time.
To get the most energy savings, be sure to choose an insulated garage door. This type of door will help keep out warm air during the summer months and cold air during the winter. With a garage that’s a steadier temperature throughout the year, you don’t have to raise or lower your thermostat to fight against the temperature of your garage.
This is especially helpful if you use your garage as an extra living space. Whether you’re watching TV, working on a hobby or just stepping into the garage to store something, you won’t be hit with air that’s too hot or too cold. In addition to choosing an insulated door, you can add extra weatherstripping and air sealing to make sure air isn’t escaping into or out of your home.
If you have a front entry door that has windows running vertically parallel to the door, adding windows to your garage door creates an attractive, complementary look. Depending on the style of your home’s architecture or your style and taste, a garage door with windows may look better on your home.
Other homeowners have more practical reasons to add windows to their garage doors instead of doing it for looks. By adding windows to your garage door, you can let in more natural light. Garages without windows on the door are much darker.
3. Add Windows to the Door
Adding windows to your garage door will cut down on the need to turn on the lights in your garage. Whether you’re coming home from work or use the garage as an extra living space, you can rely on the natural light coming in from the windows instead of electricity.
Using less artificial lighting will result in lower energy bills every month, and it’s also better for the environment. With a decision as simple as adding some windows to your garage door, you can do some good for the environment while also enhancing the look of your home.
Adding windows to your garage door offers several benefits, such as:
- Insulation: There is a common misconception that adding windows will make garages hotter in the summer and colder in the winter — but this isn’t the case. Garage door windows are insulated, helping to keep your garage at a steady temperature.
- Privacy: You can still maintain a high level of privacy in your home by choosing an opaque finish for your garage door windows. With the opaque finish, even if the windows are large, people outside won’t be able to see what’s inside.
- Visibility: Letting in natural light makes it easier to maneuver inside your garage. You’re less likely to trip or hurt yourself while you’re in the garage with the door closed, and you can keep the lights off to save money on your electric bill.
- Functionality: Natural light makes your garage more pleasant if you use it as an additional living space. Whether your garage doubles as a workshop, exercise area or hobby room, you don’t have to use extra lighting during the day to make it comfortable.
These benefits show adding windows to your new garage door has very few if any downsides — it’s all about the look and functionality you want.
Trust Your Garage Door Replacement to Ole and Lena’s
If you’re on the market for a new garage door, choose Ole and Lena’s for your garage door replacement! We offer an excellent selection of garage doors, making it simple to find the perfect new door for your home. To learn more about our products and services or to get started on your project, please contact us today!