Garage door installation is a relatively affordable home improvement that can pay back in big ways. Installing a new garage door can increase your home’s resale value, boost its curb appeal, and improve your garage’s energy efficiency.
But what does a new garage door installation cost, and can you afford it? You’ll find out if you set up a budget and meet with garage door installers for quotes. Below, we’ve described the process of establishing a budget to help you decide if you’re able to afford a new garage door.
1. Assess Your Savings.
How much money do you have to spend on an installation? Do you have savings for garage door maintenance? If so, you can use this money to contribute to the installation of a new door, instead. Once the door is installed, you shouldn’t need to do any maintenance for quite some time.
2. Need Financing? Know the Options.
If you’re not able to afford a new garage door with your savings, financing can make your home improvement possible. Talk to lenders and explore options like a home equity loan or a HELOC (home equity line of credit).
Shopping around can help you get the best deal on a loan. When speaking to lenders, ask questions like, what are the payment terms and how much will the monthly payments be? How long does the loan last? Getting the answers to these questions can help you choose the right loan product.
3. Meet With Garage Door Installers.
Once you know how much you can afford to spend, meet with garage door installers. Look at catalogs with garage door options and discuss the cost of the doors you prefer. Communicate your budget with your garage door installer. Once your garage door installer knows your budget, they’ll be able to show you which models you can afford.
Be wary of garage door installers that don’t respect your budget or who encourage you to spend beyond your means. If your budget is reasonable, your contractor should help you to work within your preferred price range.
If your budget is too small for the garage door you want, talk to your contractor about alternatives to new door installation. It may be better to wait another year and save more money than to install a garage door that you won’t like as well.
4. Make a Decision.
After meeting with installers and weighing the pros and cons of various garage door styles, make a decision. Sign a contract and wait for your garage door installation to be finished.
Want to Know More About Garage Door Installation Cost? Contact Overhead Door Company of Oklahoma City
New garage door installation doesn’t cost as much as you might expect. Contact Overhead Door Company of Oklahoma City to get quotes for a new garage door of your choice.