Home improvement is the process of improving the functionality and aesthetics of a residence. It can be achieved through a wide variety of projects, such as painting, adding furniture, or even building additions. Some projects are more complicated than others, however, and require the help of a professional. Homeowners should choose the projects carefully to ensure that they get the best return on investment and make the most of their home’s potential.
Often, homeowners undertake home improvements with the intention of increasing their home’s value. After all, three bathrooms are better than two, and a swimming pool is a huge selling point, right? Wrong. Many projects actually decrease a home’s value, and they can do so for a variety of reasons. It could be that the upgrades are too personalized, or don’t fit the style of other homes in the area. Moreover, some projects may not add any value at all if they’re too expensive.
A common mistake is hiring contractors to perform major remodeling and renovation work without having the necessary skills or licenses for the job. Aside from the financial risk of overspending, such contractors may also be at fault if something goes wrong during a project, which can result in costly repairs.
If you are planning to sell your home in the future, it’s important to research local remodeling contractors and their experience. Ask for references and speak to former clients before making a final decision. Also, check the contractor’s insurance coverage. This way, you will not have to worry about being held liable if an injury or property damage occurs during the project.
With low interest rates and high real estate prices, it is tempting to invest in your home. According to a recent study by Zonda, the number of homeowners who decided to renovate their properties has increased significantly. With the right contractor, you can make your house look more attractive and increase its market value.
The most popular home improvement projects include repairing or replacing exterior siding, updating kitchens and bathrooms, installing new windows, and replacing doors and trim. Homeowners can also upgrade their HVAC systems, which are usually the most energy-consuming system in their house. Other projects that are expected to boost a home’s value are finishing basements, building decks and fences, and adding patios and landscaping.
As a general rule, homeowners should try to focus on projects that are easy to do and inexpensive. Replacing worn doorknobs, for example, is a cheap fix that will have a high ROI. It’s also a good idea to keep up with routine maintenance, such as mowing the lawn, cleaning out gutters, and fixing sidewalk cracks. Neglected maintenance tasks will be discovered quickly by a buyer’s home inspector and could end up costing you more money in repairs.