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How Your Garage Door Affects the Value of Your Home

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The value of your home is something you are always going to be interested in. Whether you’re planning to sell, to refinance to a better mortgage deal, or you’re simply keen to know how much your home is worth for insurance reasons, when you get your home appraisal, you’ll want everything to look its best. You’ll spend time, effort, and sometimes money ensuring that your home value is as high as it can be.

What you may not have considered when doing this work is that the outside of your home is just as important as the inside, and with your garage taking up a large proportion – perhaps as much as 40 percent – of your home’s exterior, having the right garage door in place really can make a difference to the value of your home.

There are two main ways in which your garage door can boost your home appraisal. Read on to find out what they are.

Curb Appeal

Although in practical terms, the ‘curb appeal’ (the first view that anyone has of your home) of your property won’t make any difference to how comfortable it will be to live in, it can make a big difference to the overall value of the house. After all, if a property owner has taken the time to ensure that the house looks great from the street, it’s likely that they will have taken the time to take care of the rest of the property too – or at least that’s how it will feel to a prospective buyer.

The better looking a property is from the outside, the more it will be worth. If you compare two similar properties, the one with the nicer looking exterior will be preferable to most of those looking for a new home if there is nothing else particularly to tell them apart. More people will be interested in it, so the price can be higher.

Your garage door can seriously affect the look of your home; if it needs repair or is damaged in some way, the entire value of your property can be reduced. Having an attractive, well-maintained garage door can make all the difference.

Energy Savings

Imagine how much of your energy costs will literally disappear through a poorly maintained garage door. When you’re paying to heat your home, you need all the doors and windows to be properly sealed, and that includes your garage door.

A home with high energy costs isn’t going to achieve its highest value when it is appraised. Either the new owner will have to spend money on repairing the issues, or they are going to have to spend a lot to keep the house warm in the winter and cool in the summer. Either way, that new owner will have to spend money they hadn’t accounted for, so they will want to pay less for the property in the first place.

It’s a good idea to have an energy assessment carried out on your property before your appraisal. If some work needs to be done, you can do this before getting a value for your home and increase the amount that the appraiser suggests. Your garage door could be the key.