Home Improvement 101
Home improvement is the remodeling, altering or repairing of residential and non-commercial property. It includes construction, installation, repair and replacement of things such as walls, roofs, doors, windows and more. Home improvements can also include adding or improving features such as landscaping, swimming pools, driveways and fences.
A home renovation can add both beauty and value to your home, but it’s important to weigh the costs against the return on investment before you start any project. If you plan to sell your home in the future, consider renovation projects that will yield a high resale value. The most popular home renovations are sparkling bathrooms, kitchen updates and basement remodels.
If you’re planning a more long-term project, make sure you talk to a real estate agent about what upgrades will add the most resale value. This will help you avoid spending money on renovations that won’t pay off when it comes time to sell.
It’s essential to hire a contractor with a good track record and reliable references. Before you agree to any work, ask the contractor to provide a written contract that clearly states the scope of the project and details all fees and charges. It should also include a clear timeline for the project and a warranty. The contract should also include a list of materials to be used, along with any specific brand names and colors that must be used.
The home improvement industry has seen steady growth in recent years, and it’s expected to continue growing through 2023. However, the slowdown in housing sales and mortgage refinancing will likely lead to lower renovation spending next year.
As a homeowner, it’s always wise to perform regular maintenance on your house to keep it in top shape. This will ensure your family’s safety and comfort, and it may also protect your investment by preventing expensive repairs later on.
Some home improvement tasks can’t be put off, like a leaky roof or cracked foundation. These tasks can be costly, but they are necessary to prevent more serious problems down the road.
In the midst of the pandemic, more homeowners have been working on home improvement projects. In fact, 3 in 5 homeowners have done at least one project since March 1, according to a NerdWallet survey. That’s more than double the rate from 2015.
When it comes to choosing contractors, a little research goes a long way. Look for a licensed and insured company with good business references and a solid reputation. It’s also a good idea to check with your local Better Business Bureau to see if there are any complaints against the contractor.
A word of caution about hiring contractors during the pandemic: More than half of homeowners say they would be reluctant to allow home improvement professionals into their homes because of concerns about the spread of the coronavirus. If you must bring contractors into your home, be sure to communicate any safety measures they should take and insist that they wear masks and follow cleaning protocols.