Overhead Door Company of Wilmington™  Serving:

Wilmington, NC Southport, NCHampstead, NCSunset Beach, NCLeland, NC

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Small 'piggy bank' with a house with a garage door in the background.

Need to Replace Your Garage Door? Budgeting Tips

Garage door replacement isn’t cheap, but when it needs to happen, a good garage door replacement can pay you back in a big way. Some sources say that the ROI of a new garage door installation is about 97%! If you’re committed to buying a new garage door, then it’s important to establish a budget. The following tips can help you find a door you can afford.

1. Shop Around

Get at least three quotes from reputable garage door contractors during the shopping process. Meeting with multiple contractors at this stage can help you determine what’s a fair price to pay for the garage door of your desired type.

RELATED: 4 Reasons to Buy a Thermacore® Garage Door

When meeting with garage door contractors, get a written bid from each one, and compare the services provided. Product quality and warranty should be taken into consideration when trying to decide which quote is the best deal.

2. Seek Financing

If you’re not able to pay for the entire garage door installation upfront, then you’ll need financing. Once you’ve gotten quotes from multiple contractors in your area, seek financing that will cover the difference between what you can afford and what it will cost.

Some larger garage door contractor operations may finance homeowner projects. If you’re looking for contractor financing, contact well-known, established garage door contractors in your area. Those that don’t may still be able to provide you with information that can help you secure financing.

RELATED: What Types of Garage Doors are the Most Popular?

When contacting lenders, be prepared to answer questions about income, assets, job history, existing debts and loans. Some lenders provide same-day financing while others may take a little time. Get started early to avoid delays in the installation and construction process. Shop around when trying to secure financing; this will help you get the best deal.

3. Clarify Payment Terms

Before signing on the dotted line with a contractor of your choice, clarify the payment terms to ensure that your contractor will accept your preferred payment method. 

Paying by check? Debit card? Talk to your contractor. Some may provide services on a payment plan, if that is your desire, but have those discussions early in the process to avoid working with a contractor that will not meet your needs. Get all payment terms in writing before proceeding with the job.

Replace Your Garage Door Today, Contact Us

If you’re ready to replace your garage door, or simply want to know how much you can expect to spend on your garage door replacement, contact Overhead Door Company of Wilmington. We’ll be happy to provide you with a quote that can help you budget for your upcoming home improvement project.


FAQs

Why should I consider replacing my garage door?

Replacing your garage door can provide a high return on investment, with some estimates suggesting around 97% ROI. It enhances your home’s appearance and functionality.

How do I establish a budget for a new garage door?

Obtain quotes from at least three reputable garage door contractors to determine a fair price. Consider factors like product quality and warranty.

What should I compare when reviewing contractor quotes?

Compare written bids, considering both the services offered and the product quality. Make sure to evaluate warranties as well.

What if I can’t pay for the installation upfront?

Seek financing options to cover the gap between your budget and the total cost. Contact established garage door contractors or inquire about contractor financing.

What information do lenders require for financing?

Be prepared to provide details about your income, assets, job history, and existing debts. Some lenders offer same-day financing, so start early to prevent installation delays.

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