How updating a garage door can add $20,000 to a property

How updating a garage door can add $20,000 to a property

Garage door, increase in property value
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Two previous The Block winners explain how spending less than $5,000 to update a garage door can add up to $20,000 in value to a property.

First appearances matter and a property’s kerb appeal is the first thing people notice. This includes garage doors.

If a property’s facade is outdated, it can decrease the value of the property, according to Deanne and Darren Jolly, winners of season 10 of renovation TV show The Block and ambassadors for B&D Garage Doors.

“The front of your home gives guests or potential buyers that all-important first impression, which makes it a crucial area of the home to allocate a budget for. Installing a new garage door is a cost-effective way to get a lot of bang for your buck,” Ms Jolly says.

Her view is not only shared by renovators, but real estate agents such as Rose Koutoumas, director of First National Real Estate Bentleigh.

“When buyers are viewing a home for sale, an updated garage will boost the value of the property,” Ms Koutoumas said.

“A front makeover and new garage door can add up to $20,000 to the selling price.”

Mr and Ms Jolly have included garage doors in their renovations. Revamping the garage door in a 1990s brick home in McKinnon, Victoria cost them less than $3,000 and instantly transformed the property’s facade. Ms Koutoumas praised the makeover, saying it made the property’s exterior look “fresh, clean and inviting”.

“It’s amazing how a small transformation can add dollars to the value of a home,” Ms Koutoumas said.

Melissa Ryan, principal of McGrath Estate Agents Bentleigh, also weighed in, saying the kerb appeal of the property had been improved “by a thousand per cent”.

And Mr and Ms Jolly’s tips for choosing the best garage door for a property?

“Match your roller door style with the style of your home, and then pick up on existing paint or timber colours used on the exterior trims, doors and roof to help select the colour,” the couple said.

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