Home improvement involves renovations that improve the functionality or appearance of a house. These renovations can include kitchen or bathroom upgrades, adding an extension, converting a basement into a new bedroom or family room, or replacing doors and windows. While home improvements can be expensive, they can also increase a home’s value.
Homeowners typically undertake these projects to enhance their living space and make changes that will appeal to potential buyers when the time comes to sell. Home improvement can also help to reduce energy costs and protect against damage caused by natural disasters.
The popularity of DIY television shows such as Fixer Upper and This Old House has helped to spur increased consumer interest in the home improvement industry, which in turn has prompted more homeowners to tackle renovations themselves instead of hiring a professional. However, not all DIY projects are created equal, and homeowners need to consider their goals and the level of expertise required before picking a project.
A home improvement expert can help to guide homeowners through the process of selecting a project, finding suitable materials, and determining the cost of the work involved. These experts can also recommend the best tools for the job, and explain any safety considerations that may be involved. The use of a home improvement expert can save time and money for homeowners, as they do not have to shop around for quotes from individual suppliers and contractors.
Major home improvement projects are often costly, and homeowners must carefully plan how to fund these projects. According to a recent survey by NerdWallet, the majority of home improvements were paid for with cash. However, homeowners who used credit or debt to pay for their home improvement projects often found it difficult to recoup the expenses upon sale.
Some home improvements are more likely to yield high ROI values than others, but it is important for homeowners to carefully weigh the pros and cons of each improvement before committing to any large-scale renovations. It is recommended that homeowners discuss any planned improvements with a real estate professional to ensure the desired improvements will be appealing to prospective buyers.
It is also crucial that home improvement professionals are licensed and insured, as this helps to ensure the quality of their work. Many homeowner insurance policies cover these professionals, and homeowners can research local professional licensing boards to find reputable companies. Homeowners should also ensure that any contractor they hire has been vetted by a trusted referral source.
While some homeowners are choosing to wait until the market recovers before attempting any major home renovations, there is still a significant amount of work that can be done to update a home’s exterior and interior. Adding a new front door, resealing the driveway, and installing window planters are all simple but effective ways to enhance a home’s curb appeal.
In addition, it is recommended that homeowners look for opportunities to add smart home features to their houses. Including features such as smart appliances, thermostats, and lighting can help to make homes more comfortable and secure, while increasing convenience.