This post contains affiliate links.
Homeowners have noticed that garage door prices have skyrocketed to extremely high levels. These sky-high prices sometimes prohibit some from even considering a garage door purchase. If you’re wondering why garage doors are so expensive, we can help. Keep reading for precise, accurate reasons why garage doors, of all things, have gotten so expensive.
Garage doors are expensive for three main reasons.
- The pandemic has forced many businesses to shut down, which in turn has driven up raw material prices.
- Demand for garage doors has risen due to increased interest in home improvement following lockdowns and quarantines.
- The supply of materials is scarce.
In this article, we’ll look deeper into the forces driving up garage door prices and share our prediction regarding whether this will be an ongoing problem.
This is Why Garage Door Prices are High
Garage door prices rise and fall with demand, supply, and the cost of raw materials, which are all currently in flux.
Increasing Prices of Garage Door Materials
The price of steel, for example, is much higher than before the pandemic. In 2020, steel sold for $440 a ton on average. As of the time of this writing, steel is almost twice as much. These costs are passed on to the customer.
And steel is not the only material that has seen prices increase – aluminum, fiberglass, and wood have also become more expensive due to the pandemic.
Skyrocketing Demand for Garage Doors
In addition to the price of raw materials, the demand for garage doors has also increased. And there’s no wonder why! Since the pandemic forced people to become much better acquainted with their homes, many have decided to invest in home improvement projects. With more people looking for garage doors, manufacturers have increased their prices to maximize their profits.
Dwindling Supply of Garage Doors
As a result of the pandemic, countless supply chains have been disrupted, making it difficult for manufacturers to obtain the raw materials they need to produce garage doors. While the demand for garage doors has increased, the supply of doors has not kept pace. Those garage door manufacturers that are successful in keeping up production can jack up their prices since many other manufacturers aren’t able to do the same. This has led to a shortage of doors, and the few available ones are selling at a premium.
How much does it cost to put on a garage door?
Garage doors can be expensive to install. The cost of the door itself, as well as the installation, can add up quickly. Knowing what you’re getting for your money when shopping for a garage door is essential.
You can expect to pay anywhere from $700 to $1500 or more for your garage door (installed). For a small, single garage door, the price will be closer to $700, while large doors or those designed for two-car garages will cost considerably more.
Factors Affecting the Cost of Putting on a Garage Door
Many factors contribute to the cost of a garage door. The type of door you choose, the materials it’s made from, and the door size are some of the most influential.
Garage Door Type
The type of garage door you choose will have the biggest impact on the price. A basic metal door shouldn’t cost more than $500, but wooden doors may cost upwards of $2000. The type of opener you choose will also impact the price. A basic chain-drive opener can cost as little as $100, while a more sophisticated belt-drive opener can cost more than $300.
Read more about different types of openers here
Garage Door Size
The size of your garage door is another important factor to consider. A standard single-car garage door is typically around 16 feet wide and seven feet tall. A double-car garage door generally is approximately 18 feet wide and seven feet tall. Suppose you have a larger vehicle or need more space for storage. In that case, you may need a custom-size garage door, which can cost significantly more than standard sizes.
Garage Door Material
The material your garage door is made from will also affect the price. Wood doors are the most expensive, followed by steel and then vinyl.
Finally, the installation cost should be considered when purchasing a garage door. Installation can cost anywhere from $200 to $500, depending on the job’s complexity.
Read all about different types of garage doors in this article.
Is it worth it to replace a garage door?
For many homeowners, replacing a garage door is a no-brainer. This is because a garage door adds value to your home. In addition, a quality garage door can also help to improve the curb appeal of your home, specifically if it’s located in the front. So, if you want to sell your home soon and your garage door is broken, defective, or an eyesore, we recommend replacing it.
Will the price of garage doors go down?
Right now, it may seem like there’ll be no end to the price hikes for garage doors. Still, many are wondering whether the prices will go back down.
Experts infer that the pandemic is to blame for high garage door prices. The thought is that if we remedy the pandemic, supply, demand, and the resulting prices will stabilize. This doesn’t necessarily mean they will come down, though many believe they will.
If there’s no urgent need to replace your garage door, it may be worth waiting to see if the prices do come down in the future.
In conclusion, garage doors are expensive for various reasons. However, the pandemic and its resulting fallout seem to be most influential. If you’re in the market for a new garage door, be sure to do your research and compare prices. Doing so will help ensure you get the best possible deal on your new garage door. And don’t forget to factor in installation costs. We hope this article has given you a better understanding of why garage doors are so expensive and helped you decide how to proceed in these uncertain times.