Home improvement is a popular pastime for homeowners who want to increase the value of their property and make it more comfortable to live in. Many people turn to professionals to get the job done, but doing it yourself can save money and allow you to customize the work to suit your tastes. Some projects require a lot of time and effort, but others are fairly easy to complete with the right tips and tools. The term “home improvement” is broadly defined to include any work that improves the condition of a home, such as refinishing wood floors, installing new appliances or painting. It can also include adding an addition to the house or replacing worn windows.
Homeowners are spending more on home improvements than ever before, according to data from a home renovation marketplace. Some of the categories that have seen a spike in activity recently are related to outdoor work, such as building decks and putting up fences. Others relate to kitchen remodeling and bathroom upgrades, which are often top renovation priorities for homeowners. The increased demand for these types of services could be a result of rock-bottom interest rates and a desire to put the home in better shape before selling it, according to real estate experts.
When hiring a contractor for a home improvement project, it is important to get multiple estimates. Compare each estimate to find out what the work will entail and how long it is expected to take. Ask for references and contact previous customers to see if they were satisfied with the quality of the work and professionalism of the contractors. It is also important to check that the contractor has liability and workers’ compensation insurance in case someone is injured while working on your property.
It is also a good idea to talk to a real estate agent about which renovations are likely to add the most value to the home. Avoid high-end upgrades that are likely to be out of the price range of most buyers. For example, adding marble flooring in a bathroom is probably not going to appeal to the majority of potential buyers.
Despite the elevated prices of construction materials, homeowners are still planning to spend money on home improvement projects this year. Some of the most common projects will be addressing the needs of an aging population, while other upgrades are aimed at improving a home’s curb appeal and making it more energy-efficient. The higher costs of building materials are expected to slow down these types of projects, but they will continue to happen. The key to a successful home improvement project is preparing a realistic budget and sticking to it. This will ensure that the project is completed on time and within budget. It will also reduce the chances of any unforeseen problems that could lead to costly delays.
