Garage Door Replacements
By Jim Hatley, March 15, 2021
Garage door replacements are one type of renovation to update your home – be it for your own enjoyment or when you want to sell.
Why Homeowners Should Consider a Home Renovation
It is currently a sellers’ market with fewer homes being listed, resulting in homes selling for over the asking price within just days of being put up for sale. To take advantage of this, bear in mind that buyers are drawn to homes that are move-in ready, shipshape, and well-maintained with modern updates.
A custom garage door, for example, can make a huge impact on your home's first impression for potential buyers. Additionally, updated garage door security systems and technology not only keep you safe and protect your home, but buyers also want these features. On top of that, a newly insulated garage door ups the resale value of your home by up to 4% while saving you energy costs in the meantime.
Because mortgage rates are at historic lows, many homeowners have been prompted to refinance. Basically, when you refinance your home, you take out a new mortgage loan to pay off the old one. The reason being that the new loan will have a lower interest rate and new terms.
When refinancing a mortgage, a property appraiser assesses the current market value of your home – including any renovations. The higher the home value, the more equity you will have, resulting in a lower loan-to-value ratio.
Embarking on a home improvement project for your enjoyment involves fun activities such as designing a new layout or choosing paint colors and fixtures. While fulfilling your specific needs is the top priority, the renovations may as well hike up your home’s value over time, too.
How Much Should You Invest in a Home Renovation?
Whatever your reason for renovating your home, it is savvy to be informed of the ROI (return on investment) of various projects. According to 2020 data from Remodeling Magazine, popular renovations include:
Being aware of which home updates offer what returns helps you to make a more informed decision about where to invest. Other factors to take into account include:
- Sharing your renovation goals with remodeling professionals to be as efficient as possible.
- A realistic budget based on regional labor and material costs and level of service.
With oodles of experience and expertise,
Tri-Lakes Garage Doors can assist you in making the right choice when buying a new garage door. What are you waiting for?
Give the team at Tri-Lakes Garage Doors a call today, and we will come to you!
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Contact Info
We’ll come to you! Our office is where the door will live!
Contact Tri-Lakes Garage Doors to set up a time to come see you at your convenience.
Showroom Location: 3359 E Palmer Divide Ave
Larkspur, CO 80118
*By Appointment only
