Home improvement, also known as remodeling, is a process of renovating or making changes to one’s home. It may include any number of projects, from adding on a new room to painting or landscaping. Home improvements can be made for a variety of reasons, including personal enjoyment, increasing the value of the home, or simply improving functionality. It can also be done for safety reasons, such as fixing a loose roof or dangerous electrical wiring.
Regardless of the reason, homeowners can find themselves spending a lot of money on home improvements. Fortunately, there are ways to save on some of the more popular home improvement projects. For example, many homeowners have found it cheaper to install their own appliances rather than hiring a professional installation company. Another way to cut costs on a project is by finding a contractor who offers discounts or coupons.
When deciding what to improve, it’s important to keep in mind that not all improvements will add value. Some renovations can actually reduce the resale value of a home, particularly those that are overly customized or go against the style of the neighborhood. In addition, time can play a role in the ability of an improvement to increase a home’s value. Trends come and go, and what’s in vogue today might not be so tomorrow.
The most common home improvement projects are those that involve repairs or maintenance work. Painting, resurfacing the driveway or patio, installing a fence, and replacing windows are all examples of home improvement. Depending on the state, some of these projects may require a permit. Homeowners should always check with their local government before beginning any home improvement projects to make sure they are in compliance with all permits and regulations.
Other home improvement projects that can add value include upgrading kitchens and bathrooms, adding decks or porches, and finishing the basement. However, the most important thing to consider when deciding what to do is how it will impact your home’s functionality and comfort. For example, adding an extra bathroom could make it easier for everyone in the house to get ready in the mornings. Adding a deck or gazebo could provide an ideal spot for outdoor entertaining.
When choosing a contractor to complete a project, homeowners should ensure that the contractor is licensed and insured. This will protect them in case the contractor is injured on the job, or if they cause damage to the property. In addition, a reputable contractor will offer warranties on their work and materials.
Despite the pandemic, 3 in 5 homeowners have completed at least one home improvement project this year. Those projects have cost them, on average, $6,438, according to NerdWallet. Before starting any home improvement projects, it’s a good idea to consult with a real estate agent who can advise on which improvements are likely to add the most value to your home. They can also help you decide whether to tackle a project yourself or hire a professional.