This is the second installment of a new occasional column called Getting Real About Renovations. We’re looking at renovation realities for all sorts of projects, from hardwood floors and open floorplans, to master suite additions and kitchen upgrades. We’ll give you the unadulterated truth about options, costs, effort, Realtor opinion, and estimated ROI for these projects. You can read the last one about hardwood floors here.
Generally speaking, homeowners remodel to upgrade worn-out surfaces, finishes, and materials; to add features and improve livability; because it is time for a change; and because they’re selling.
Garage door replacements may not sound like a big deal, but in fact, they are one of the easiest ways to quickly boost a home’s curb appeal if the garage faces the street (a front-facing garage door can be almost 20 percent of your home’s front facade). They are also ranked among the top five most profitable projects nationwide, and in Dallas, according to the 2016 Cost vs. Value Report by the National Association of Realtors and Remodeling magazine.
Midrange garage door replacements recoup 100.7 percent ($1,544) of the total project cost in Dallas. Upscale garage door replacements are quickly gaining, too — in 2015, they increased 19 percentage points year-over-year to recoup 82.2 percent ($2,550) of the total project cost.
“I think we often forget to consider that a garage door is not only a functional feature but can be a design feature as well,” said Robin Moss Norcross with Nathan Grace Real Estate. “A garage door update, especially if front facing, can certainly continue the exterior design scheme.”