If you’re reading this blog, you may well have heard of curb appeal. Essentially, this is the impression a house makes on a potential buyer ‘from the curb’ – or as they pass by the property. Good curb appeal motives potential buyers to investigate a property further; bad curl appeal puts people off a house before they’ve even stepped through the front door. In short, curb appeal is the combined impact of various elements of the exterior a house, which either attracts or puts off a prospective buyer.
A recent survey investigated the estimated values of 3,000 houses and discovered that an unappealing garage door shaved thousands off the expected asking price of a house. Considering the size of the average garage, the impact a garage door can have on curb appeal should come as no surprise. A well-maintained and beautiful garage door can easily add many times its own value to the overall value of a property, simply by making the exterior or a house look infinitely more appealing than a run-down, battered old garage door, which can radically lower the curb appeal and perceived value of a property.
In these times of economic recession, the answer isn’t always to spend as little as possible. The best way to weather the recession is to make sensible investments; making improvements to your property that will add more value than they cost is an obvious way forwards.