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On average, a garage door can last between 15 and 30 years. However, this lifespan is influenced by several factors, including the quality and material of the door, local climate conditions, and how frequently it is used and maintained.

Key factors affecting longevity include:

• Material: Wooden doors can last 20 to 30 years or more, while steel doors typically last 15 to 20 years. More robust options, like triple-layer steel, can last 25 to 30 years with proper care. The number of layers in a door also contributes to its durability, with each additional layer potentially adding five years to its life.

• Maintenance: Regular inspections, cleaning, and immediate repairs can significantly extend the life of your garage door.

• Usage and Climate: Doors in harsh climates or those used very frequently may wear out faster.

• Components: Individual parts have different lifespans. For example, automatic openers may fail sooner than the door itself without regular maintenance, and garage door springs typically need replacement every 7 to 12 years.

While the door panels are designed to last as long as the door, they should be replaced sooner if they become visibly damaged, impact the door's smooth operation, or create a security risk.

Having a garage can increase the value of your home considerably, even if the garage isn't considered living space. Many people own cars and want a secure place to park their vehicles when they are home. 

If you decide to finish your garage and convert it into living space, you may affect your home's value. The livable space may increase your home's square footage, which can help its value. But, giving up the garage space may also negatively affect the sale price of your home.

You do not need to drywall over most types of garage insulation. However, doing so can increase noise reduction, make the space more attractive, and keep children and pets from touching harmful fiberglass insulation. If you’re using cellulose or some other type of blown-in insulation (fiberglass and mineral wool are common), you will need drywall to contain the insulation material.

The most common garage door material is aluminum, but the best material for you depends on your budget and location. Wood is the most expensive to repair but tends to add the most curb appeal, while fiberglass or composite doors cost less to fix.

Aluminum won’t rust, so it’s a great option if you live somewhere humid or rainy. Steel doors are durable but are prone to rust. If you live somewhere with extreme temperatures, hot or cold, you might opt for fiberglass, which won’t split if the temperatures skyrocket or drop below freezing.