This is a great time for real estate in general and Arizona real estate in particular, especially Maricopa county. Whether one is a homeowner or a landlord seeking to boost rental property values, there is no shortage of demand.
Maricopa county’s population has increased by over 155,000 in two years as prospective buyers flood in from more expensive and tax-burdened areas. This is a good time to start thinking about real estate investments.
Doorway to dreams
Many factors go into determining the value of a home, from the condition of the floors to the freshness of the paint on the trim. Some, such as the value of your neighbors’ homes, are outside your direct control. However, there are many things that homeowners can do to boost their homes̵
It is widely recognized that a garage door is the investment that typically offers the biggest return — over 88%, in fact. If one were going to consider making the enormous investments of time, money and effort that go into home renovation, this would be a fantastic place to start. But why?
One of the chief benefits realized by replacing or overhauling a garage door is its utilitarian nature. Garage doors may be beautiful, but they serve a vital function in the daily lives of homeowners, allowing ingress and egress for the vehicles that are normally a homeowner’s second most valuable investment.
Focusing the first stages of home renovation on the garage doors will make it look nicer inside and out. It allows more efficient use of the space in the garage’s interior. It helps keep the structure tidy and free of needless clutter. And it improves the overall energy efficiency of the home.
Another part of the reason that investing in garage doors yields so much return for property value is their sheer size. On average, a garage door will take up about 1/3 of the surface area of the front of a house. The level of investment a homeowner makes and the style and material of the door can add to a home’s curb appeal for many years after.
The most popular material for garage doors is steel. Steel is both highly customizable and highly durable and stands up to all types of weather, including Arizona sun. However, it is a poor insulator.
Aluminum is lighter and less expensive than steel, but it dents more easily. It is also a poor insulator.
Finally, there’s wood. Whether you’re building up the value of your own home or that of a rental property, nothing succeeds like wood. Characteristically the most aesthetic choice, wood has long been eclipsed in popularity by steel and aluminum.
Nonetheless, its charm easily outpaces any competitor for curb appeal. It’s fairly durable, though not as much as steel, and a very good insulator. It does require a bit more maintenance than wood, however.
Insulation may be necessary to add value to your garage door, especially if the material it’s made of is metal. Although it may seem less necessary in the world of Arizona real estate, insulation would be just as necessary for keeping cooler air in, in the event that a homeowner will be tooling around the garage for any substantial length of time.
In addition to lowering heating costs, insulation makes garage doors quieter and more durable.
Cost and time
Finally, one of the main reasons that garage doors offer such fabulous ROI is because of the relative ease of replacing them. The average price of replacing a garage door is between $700 and $1500, and they can be installed by an amateur in roughly 9 hours, or by a professional in about 5.
Relatively fast and cheap, and yet the project adds enormous instantly recognizable curb appeal, utility and possibly savings on energy costs and future household projects. No wonder experts recommend that home improvement begin with garage doors!