Homeowners upgrade, remodel and renovate for many reasons. The improvements are for replacing worn-out materials, adding functionality, an attempt to add immediate value, improving energy efficiency, and sometimes just because it is time for a change. Nonetheless, many often question if these projects are worth the time and investment. Two recent reports revealed that Metro Steel Doors ranked as one of the top improvements both in expected appeal to buyers at a home’s resale, and with an expected return on investment.
The first report we would like to share is the Remodeling Impact Report created by the National Association of the Remodeling Industry and the National Association of Realtors. This study found a new steel front door ranked both as one of the top exterior projects likely to add immediate value and for having the most appeal to home buyers. They found that a new steel front door with an estimated cost of $2,000 added $1,500 in value or a job cost recovery of 75 percent.
A more comprehensive cost analysis is within the 2016 Cost vs. Value report by Remodeling magazine. Examining the cost recouped across 100 markets in the United States, the report found a steel entry door replacement had a 91.1 percent recovery rate. In 2015, the same report showed a replacement steel entry door amazingly delivered a cost recovery of 101.8 percent. Home improvements rarely have that kind of return on investment, if any.
Metro Steel Doors are high-end replacement steel entry doors that bring value to your home. Their unique, modern style is the premier choice for creating a clean, contemporary environment. If you would like more information, or would like to place an order, please contact us.