Home improvement is anything that improves the appearance or functionality of a home. It can include remodeling a kitchen, bathroom, bedroom, or living room; installing a new driveway or sidewalk; painting or staining the deck; adding a fence or gate, or planting flowers or shrubs. It also can mean replacing windows, repairing a roof, or having the chimney inspected for safety and efficiency.
It’s important to weigh the benefits of a home improvement project against its cost and the impact on resale value before you start work. But there’s also no denying the satisfaction of enjoying a newly remodeled space. And that’s why some improvements are worth the money.
A full renovation involves significant changes to a home, such as demolishing walls and fixtures and starting from scratch. This type of project is typically costly and time-consuming, but can give the property a whole new look.
The home improvement industry has been booming in recent years, with spending on remodels up 20% in 2021 compared to 2020 according to Houzz and Home Study. However, that trend is expected to decline in 2023 due to housing market issues and rising labor costs.
If you’re considering a big-ticket home improvement, it’s important to find a qualified professional to help with the job. Check out local remodeling companies, and ask for references. Then, make sure to check the contractor’s license, insurance coverage, and warranty information. It’s also a good idea to get estimates from several contractors before making a decision.