Home Improvement – An Easy Way to Increase Your Home’s Appearance and Value

Home improvement is a popular way to enhance the appearance of your home and increase its value. Home renovations can include painting, refinishing wood floors, laying tile, replacing vanities and cabinets, adding lighting, putting in new windows, or even installing a fence.

Home improvements can be expensive. That’s why it’s important to plan your project carefully and to choose quality materials, especially for those projects that will be visible to potential buyers. It’s also a good idea to hire contractors that are licensed, insured, and accredited by professional organizations. And if you’re doing the work yourself, make sure to follow all safety guidelines for your particular project.

According to the 2021 American Housing Survey, most homeowners who took on home improvement projects did so with cash, though about 20% tapped into or exhausted emergency savings and 8% borrowed against their home equity. If you don’t have the cash, a secured loan such as a home equity line of credit (HELOC) may be an option.

Choosing the right home renovations can mean increased comfort and convenience for you and your family. But it’s important to keep in mind that not all improvements add value. For example, expensive upgrades such as marble flooring may not appeal to all buyers. Instead, opt for midrange updates that are easy on the wallet but still add visual impact. And if you’re adding bedrooms or bathrooms, it’s wise to consult real estate professionals to ensure they’ll be popular with potential buyers.

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