If your garage door is getting old, you need to consider replacing it. Many homeowners ignore their garage door until something goes wrong, but replacing an old garage door has many financial
benefits. To learn more, keep reading to check out four financial benefits of replacing your garage door.
1. Reduced Risk of Burglary
Most people ensure their home is well protected by installing good locks, front doors, and windows. However, many homeowners neglect their garage. Old garage doors in particular can pose a higher risk of burglary because they may have faulty locks or no locks at all. While you may not keep your most prized possessions in the garage, you may have tools, equipment, and vehicles that a thief can pawn for a good price.
Replacing your garage door improves your security in several ways. First, replacing an old plywood garage door with steel or solid wood makes it harder for a criminal to break the door. Second, a new door may mean an upgraded system with a more secure lock or even a smart system that you can control and monitor from your cellphone.
2. Reduced Risk of Personal Injury
Old garage doors are also at a higher risk of causing personal injury. First, to protect people and animals from getting crushed, garage doors have sensors. If your garage door is so old it doesn’t have sensors, or if the sensors are worn or damaged, the door may close onto someone, which may lead to severe injury.
Similarly, if the garage door support system becomes loose, it may cause the entire door to collapse, injuring anyone who may get hit by the door. Older garage doors may also have older springs. If some garage door springs become loose because of damage or improper maintenance, they can hit someone.
If you or a family member is harmed by the garage door, you may suddenly find yourself with medical bills or other expenses. If someone else gets hurt by your garage door, they may file a claim or lawsuit. With a new, secure door, you can guard against these types of accidents.
3. Increased Home Value
A new garage door can cost you anywhere from $400 to $3,000, depending on the type of door, but you shouldn’t let the price scare you. Instead, consider it an investment in your home because installing a new garage door as a high return on investment. In many cases, you can recoup up to 97.5 percent of the total cost of the new garage door when you sell your home.
To compare, a minor kitchen remodel, which is commonly desired by potential homebuyers, has a return on investment of 80.5 percent. Even replacing your front door only has a return on investment of about 74.9 percent, making getting a new garage door a great financial decision for your home’s overall value.
Improved Energy Efficiency
Replacing any door, epically a big door like your garage door, helps boosts energy efficiency, which can reduce your monthly heating and cooling bills. One reason you may need improved energy efficiency in the garage is because you store temperature-sensitive items like photos or electronics in the garage.
Many homes have bedrooms above the garage. Boosting energy efficiency in the garage can help better control the temperature in those bedrooms, especially in the summer. Heat rises, so if your garage gets hot, that heat will rise up into the bedrooms, which will force you use more power to cool the rooms.
A new garage door is an investment in your home. Not only do garage doors have a high return on investment, but they can also save you money on heating and cooling costs. If you would like to know more about garage door replacement, contact us at Raynor Door Company.