Expecting a big tax return this year? You could blow it on some new clothes, an ATV, or a vacation. Or you could invest it in a new garage door, which just happens to have one of the highest returns on investments for all home improvements — 97%, virtually dollar for dollar. Installing a new garage door will significantly boost your property values. It’s practically money in the bank.
Ask yourself how long has it been since you’ve had a new door? If it’s more than 15 years old, or shows signs of wear and tear, it might be time. This is especially true if you plan on selling the property anytime soon — or just want to improve its value and get the most enjoyment out of your home.
Have You Thought About Installing a New Garage Door Opener?
You could also upgrade your garage door opener. An opener won’t last the lifetime of a door, so you’ll need to replace it quicker than you would a door, on average. You might also consider investing in a smart garage door opener that gives you remote access through your smartphone — anywhere with an Internet connection.
An Investment Worth Planning
We mentioned how strong the return of investment is on a new garage door. But what you get back is naturally relative to what you put in. That being said, a new garage door installation (or even just a new garage door opener installation) is worth planning and saving for. That’s why we recommend these kinds of improvements for tax returns — you’ll accrue equity rather than burn it up in smoke.
A tax return is one way to make a worthy investment in your home through new garage door improvements. A personal loan from your bank is another. It can make all the difference between buying a cheap steel door that does not improve your home’s value all that much — or purchasing a beautiful wooden insulated door that does. As garage door professionals, we always encourage our customers to spend what they can afford — but plan and save for it so you can get the most value for your investment.