The Biggest ROI in Home Flipping is Hiding in Plain Sight

The Biggest ROI in Home Flipping is Hiding in Plain Sight
  • Opening Intro -

    What is the most affordable and impactful improvement you can make to your property?

    Is it a finished basement, or a bathroom renonvation?

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Those are great, but data proves that the highest ROI is often overlooked, even though it takes up a third of the home’s exterior.

Updating your garage door can give you an ROI of at least 88.4% in most markets, with a very quick turnaround time. This makes it the perfect choice for sellers and flippers who are working on an aggressive schedule and minimal budget.

 Here’s why.

An Instant Curb Appeal Upgrade

As we said, this is basically the largest surface on your home, which presents a great opportunity to completely change the look and feel.

Yes, you could paint it for a few hundred dollars, but why not go a step further for an even bigger impact and return. Why not upgrade the door to something more stylish?

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Today’s modern options are remarkably affordable, particularly with plenty of garage door financing options available to defer the costs. You can upgrade to something with windows to add some instant style, or get an elegant and rustic look with a carriage door.

Now, add some other inexpensive touches like changing the color scheme of the frames, accents and windows around the door and you have some serious wow-factor, at a very affordable price.

More Energy Efficiency

In today’s competitive housing markets, an energy-efficiency home is more likely to move faster and fetch a better price. A recent survey of realtors and brokers revealed that over 80% said that low utility and operation costs were among the top features that today’s homebuyers are looking for.

An insulated garage door has a much higher R-value than a traditional door, which means an upgrade will likely make a big difference. If the home has a bedroom or office that shares a wall with the garage, the home’s HVAC system isn’t going to have to work nearly as hard to regulate the temperature.

An insulated garage also opens up more potential living space for homebuyers, so they can now convert their garage into a home gym, office, man-cave or she-shed.

garage door insulation kitgarage LED ceiling lights

A Smarter Garage Door

Homebuyers may not be ready to commit to a smart home, but that doesn’t mean they don’t want modern conveniences from the internet of things (IOT).

Upgrade your garage door opener to a Wi-Fi enabled unit. This gives you the ability to control your garage door via your smartphone. You no longer have to wonder, “Did I remember to lock the garage door” when you’re not home. You can check the status and lock/unlock it with a few quick taps.

other valuable tips:

It also sends you notifications of any activity, or someone trying to enter your home.

As you can see, your garage door is likely where you are going to want to start when planning improvements to flip a home. You can add new design touches and upgrade the energy-efficiency, while you add more functionality and security.

And, you can add all of this in a matter of days at a very low price!

Image credit: Pixabay

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