Home improvement is the process of improving the interior or exterior of a dwelling through renovation or remodeling. This can include maintenance tasks such as painting, wallpapering or cleaning, as well as major projects like installing new flooring, putting in a swimming pool or building an addition. The broader category of home improvement also includes improvements to gardens and yards, such as landscaping or installing fences.
Many home improvement projects have the potential to add value to a home, but it is important to select projects carefully and to make sure that they are completed properly. Improper or overly personalized renovations may actually detract from a home’s resale value rather than adding to it. Additionally, homeowners should be careful not to neglect basic maintenance jobs that could become more expensive problems later on, such as a leaking roof or termite infestation.
The home improvement industry has experienced robust growth in recent years, particularly during the COVID-19 pandemic. This trend is expected to continue in 2023 and beyond. This article explores the latest trends and statistics in home improvement, including projects that are most popular with consumers and how to maximize return on investment.
In the United States, the term home improvement is often used to refer to any type of renovation or upgrade to a house or apartment. Typically, this type of work is performed by contractors or DIY consumers and can range in complexity from replacing worn doorknobs to installing a whole new kitchen. The home improvement industry encompasses a wide variety of retail and service sectors, including the sale of building materials, appliances, decor and other items related to the improvement of residential properties.
A plethora of television shows dedicated to home improvement has helped fuel interest in the genre. During the 1970s, for example, Bob Vila’s This Old House debuted on public television and became wildly popular, inspiring a wave of new homeownership among young people as they sought to renovate their suburban homes to resemble traditional Victorian-era houses. Manufacturers and retailers responded to this trend by marketing products such as fake Victorian molding and columns.
A homeowner’s interest in home improvement can be fueled by a desire to increase the resale value of their property or simply to enjoy a more comfortable living environment. However, it is essential to choose the right project and to hire professionals for certain tasks. The home improvement industry is regulated by government agencies, and homeowners should always verify a contractor’s license and insurance before hiring them for any work. In addition, homeowners should perform background checks and check business references before hiring any professional for home improvement services. Performing these simple tasks can help prevent costly mistakes and ensure that a project is completed on time and within budget. Additionally, homeowners should be wary of contractors that offer exceptionally low prices for their services. This is often a sign of unlicensed or inexperienced workers, and it is important to choose a professional that can complete the work safely and to the highest standards.