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This symptom indicates broken lift cable and not a broken spring. In any case, you must refrain from using the garage door until the broken component is replaced. If you make an attempt to open it or close it, it may go off track. This can cause damage to both the track and the rollers.
Good and diligent painting is the key to keeping a wooden door functional for a very long time. Select a paint that is weather proof and one that fits in with the general aesthetics of the property in question. Watch out for the gaps and cracks which can easily be dealt with using a quality caulk material.