Home Improvement – Adding Value to Your Home

Home improvement

Home improvement is a broad term that includes any work performed on a property that improves the value of the property. This is usually performed by professionals, such as contractors and tradespeople. It may include, but is not limited to, painting, resurfacing of pavement and driveways, installations of any kind, decks, porches, and additions.

Inflation, Big Projects and Purchases

In a recent study, 60% of homeowners say that inflation has made them less comfortable making large purchases for their home or household. This includes things like a new vehicle, furniture or appliances.

Changing your home’s landscaping is another popular project that can add value to your home. Landscapes that feature flowers, shrubs, trees and a garden are attractive to potential buyers.

Refinishing a fireplace is also a worthwhile investment, since a brick fireplace can be a selling point for many homes. To restore a brick fireplace to its original beauty, clean it of any soot or creosote.

Don’t overdo it!

Some home improvement projects can negatively affect a property’s resale value. This is especially true if the project is very customized to your own personal tastes and preferences, Gordon said.

Aside from that, some home improvement projects can be unsafe, as well. Whenever a project involves electricity or plumbing, be sure to hire a licensed contractor.

Maryland’s home improvement law requires that any contract for a home improvement project be in writing and signed by both parties. It must have a description of the work to be performed, the materials to be used and dates of performance. It also must contain an arbitration clause stating that any disputes will be resolved in an arbitration proceeding.

Posted in: Gambling