Home improvement is a broad term for any type of renovation, remodelling or upgrade done on the interior or exterior of a house. The most common improvements are laying new floors, adding windows, installing new appliances and repainting the interior or exterior of a house.
Some improvements will increase a home’s value and make it more attractive to potential buyers. However, it’s important to select the right projects for your home and to choose quality materials that will last. In addition, it’s crucial to consider the long-term cost of the project and any maintenance costs that may be incurred in the future.
Many homeowners find themselves in a position where they want to make home improvements but don’t have the cash on hand. For these situations, there are a few financial options available that can help you cover the expenses. One option is to use a credit card, which can provide a 0% interest introductory period for up to 12 months on the amount that’s charged to the card. Another option is to take out a personal loan, which provides funds that can be used for almost any type of home improvement project. Home equity loans are also an option for those who already own their home and would like to draw on some of the equity in the property.
With rock-bottom interest rates, home remodeling is booming. According to Anderson, the surging categories of home improvement include work done on decks and fences (up 275%), hiring landscapers (up 238%) and putting in new driveways or sidewalks (up 174%).
If you’re planning to sell your home in the near future, it’s important to choose projects that will add value. A master suite, for example, will probably increase the resale value of your home, but it can be costly to build. Other popular home improvements include refinishing hardwood floors, upgrading insulation and converting a basement into living space.
Investing in home improvements is a great way to make your house feel more like your own. By choosing the right projects and sticking to a budget, you can improve your home without going into debt or running out of money.
By 2021, highly successful home improvement shows on cable television had blurred the distinction between what had been a largely male realm of DIY activity (carpentry and other repair work) and the supposedly feminine sphere of interior decorating and design. Advertisements for power tools and home-supply stores promoted the idea that DIY projects could be a fun family activity or even, as an ad for Stanley Tools put it, “father and son partners!”
If you’re planning to sell your house soon, talk to a real estate agent about what improvements will add the most value. This will ensure that you’re making smart choices that will appeal to the most buyers. And remember, it’s not just the cost of the project that matters; you need to be able to afford to live comfortably while doing it!