Home improvement refers to the repair, refinishing or remodeling of the interior or exterior of your home. It also includes the construction of new structures such as patios, decks and outdoor living spaces. Home improvement projects can also include adding insulation, repairing or replacing a roof, and installing energy-efficient windows and appliances.
Generally, homeowners do projects to make their home more comfortable and enjoyable, rather than focusing on increasing their resale value. However, it is important to consider your resale goals when deciding which improvements are right for you.
The most popular home improvement projects among US homeowners are sparkling bathroom overhauls, followed by a basement remodel and a kitchen renovation. These projects are expensive, but they can add a substantial amount to your home’s value when it comes time to sell.
Other common projects include a fresh coat of paint, laying new tile or fitting new countertops, which are relatively affordable and can make your home look modern and fresh. Projects that increase your home’s energy efficiency, such as installing a smart thermostat or new windows, can also save you money on your utility bills and may pay for themselves over the long term.
When hiring a contractor for a home improvement, you should always compare prices and services offered. Homeowners should beware of companies that advertise “low prices” as they may not offer the same quality and service as others. It is also recommended to use contractors that are licensed, insured and accredited by a professional association.