Home improvement is the process of renovating or making additions to one’s home. Generally, this involves making upgrades to the interior and exterior of the house but may also include adding new rooms or changing the overall layout of the property. Home improvements are typically carried out for a variety of reasons; personal comfort and enjoyment, to increase the resale value of the home, or as a means to improve energy efficiency.
A few key areas of the home to focus on when improving or remodeling include the kitchen, bathrooms and any space that increases the amount of living space. However, it is important to keep in mind that buyer preferences differ from market to market, so you will need to research what renovations are popular and valuable in your specific area before starting any work.
Many homeowners turn to a professional contractor for help with their home improvement projects, especially for larger, more complicated or expensive upgrades. There are a wide range of contractors available, with some more reputable than others. When choosing a contractor, be sure to do your homework and read reviews online before hiring anyone to work on your home. It is also a good idea to check the business’s license and insurance, and ask for references.
Home improvements can be a major undertaking, but they don’t have to break the bank. With a little sweat equity and some do-it-yourself spirit, you can add significant value to your home without going into debt or emptying your savings account. From re-grouting tile to painting, there are plenty of low cost upgrades that will make your home more appealing to potential buyers down the road.
Experts say that 2023 will see an increase in the number of homeowners making updates to their homes to make them more energy efficient. Projects like installing smart thermostats and upgrading heating, ventilation and air conditioning systems will both improve a home’s efficiency and save money on energy bills.
Other more costly upgrades, such as replacing garage doors and installing energy-efficient windows, can also provide a strong return on investment. Homeowners who are planning to sell their home in the future should consider talking to a real estate agent about what kinds of renovations will increase its resale value.