Home improvement is a term used to describe the process of renovating or altering the interior or exterior of an existing home. The goal of these projects is to improve the look and functionality of a house. Typically, this includes work such as replacing or repairing anything that has worn out. It also encompasses any improvements made to increase the value of a property, such as adding a deck or fence or putting in new flooring.
Television schedules are packed to the brim with shows about home improvement. But it’s one thing to watch a show like Fixer Upper or This Old House, and quite another to actually get your hands dirty with some DIY remodeling. With prices of materials on the rise, homeowners might be wary of taking on a big project. Fortunately, even high-cost upgrades can have a big payoff in terms of increased home value.
According to Home Advisor, renovations that boost a home’s energy efficiency are the most sought-after improvement projects for 2023. This could be due to rising energy costs or a desire to sell their home at a higher price. Other popular home improvements include installing a new front door, a fresh coat of paint or a new driveway.
A home improvement can be as small as a new front door or as extensive as a brand-new kitchen. Regardless of the size or scope, these types of projects can increase the value of a home and make it more enjoyable to live in.
However, it’s important to remember that not every improvement will have a positive impact on resale value. Those looking to sell their homes in the near future should always consult with a real estate agent before making any major home improvement upgrades.
Aside from the energy-efficiency improvements discussed above, any remodeling project that increases living space is usually well worth the investment. A finished basement, for example, can be an ideal place to host family gatherings or provide a quiet and peaceful retreat for adults. Homeowners should carefully research contractors and obtain estimates before starting any project. It’s a good idea to hire an experienced contractor, as they will have the knowledge and tools needed to ensure the job is done correctly and safely. It is also recommended to include an arbitration clause in any home improvement contract, especially if there are multiple contractors involved. This will protect the homeowner in the event of any unforeseen issues or disputes. In addition, a home warranty may provide additional peace of mind for the consumer. This is because many home warranties cover the cost of repair or replacement of certain components and systems in a home, such as the heating and cooling system, plumbing, electrical, appliances, water heater and roof. The warranty coverage may even extend to the swimming pool, detached garages and other structures that are attached to or built on the property.