Home improvement is a term used to describe renovation and remodeling of residential properties. It encompasses a wide range of projects that improve the interior and exterior of homes such as painting, flooring, carpeting, lighting, landscaping, and so on. Home improvements can also involve fixing, updating or repairing existing systems such as heating and air conditioning, plumbing, electrical, and roofing. Other projects include adding rooms or expanding existing ones, finishing basements, and building decks or patios.
Some homeowners have a strong interest in identifying and completing projects that will add value to their homes, while others simply want to make them more comfortable to live in. Regardless of why you’re planning a home improvement, finding the right contractor is crucial to ensuring the project is completed correctly and on time.
There’s a lot to consider when choosing the right contractor, including their qualifications and experience, insurance coverage, and cost. While the industry is rife with unlicensed contractors, those that are properly licensed and insured provide peace of mind to homeowners knowing they’re working with a company that can be held accountable in the event something goes wrong during the project.
It’s important to find a contractor who is both qualified and experienced, so be sure to ask for references from past clients and contact them to learn more about their experiences with the contractor. It’s also a good idea to get estimates from several different contractors before making a final decision. This will allow you to compare prices and determine which one offers the best value for your money.
The National Association of Realtors (NAR) reports that a spike in home renovations occurred during the pandemic. While this may have contributed to some of the increase in home improvement spending, most homeowners were already considering upgrading their living spaces before the pandemic began. Homeowners cited various reasons for their renovations, including replacing worn-out surfaces and finishes, adding features to improve livability, and improving overall happiness with their homes.
Adding a garage door or installing a new window can instantly update the look and feel of your home, while adding value. Other quick and affordable home improvements include repainting your front door, upgrading your entryway lighting, and adding a stylish letterbox or house number to improve curb appeal.
While some home improvements are cosmetic, others can have a significant impact on resale value and safety. Hiring a professional inspector to identify problems can save you money in the long run by preventing future damage or allowing you to fix issues before they become major concerns. Depending on the scope of the inspection, the inspector may recommend additional repairs that are essential to maintaining your home’s value and safety.
There’s no doubt that homeownership awakens the inner Bob Vila in all of us, but it’s essential to set realistic expectations for yourself and your home before tackling any projects. It’s helpful to prioritize projects based on their potential for cost recovery at resale and homeowner satisfaction.