Home improvement is a popular project for homeowners. According to a survey conducted by LendingTree, 62% of homeowners have started or completed a home improvement project in the past 12 months, and 54% are planning to work on one in the near future. Home improvements can be expensive, but if you’re smart about the projects you choose and plan your budget carefully, you can add value to your home without going into debt.
The term “home improvement” is broad, and can refer to many different types of projects. It can include any type of remodeling, repairing, restoring, modernizing, or making additions to residential or non-commercial property. It can also include installing insulation or home elevation, and converting existing commercial structures into residential use.
A successful home improvement project starts with a thorough list of the work that needs to be done. This is important so that you can shop around for contractors, lock in firm prices, and avoid surprises down the road. A written list is also helpful in ferreting out unscrupulous contractors who may try to sell you work that you don’t need or want. It’s also a good idea to find out in advance whether permits are required for your project. This can save you time and money, as well as prevent delays caused by the need for a permit or inspection.
Some projects increase a home’s value more than others. However, even small projects can make a big difference. A new front door, for example, can add a lot to a home’s curb appeal and improve security. In addition, some projects can help a home become more energy efficient, saving on utility bills.
Many home improvement projects require a great deal of skill and expertise. It’s always a good idea to hire professionals for jobs like wiring, plumbing, and installing heat systems. It’s also wise to consult a real estate agent or financial professional before embarking on a large project. They can advise on what improvements will add the most value to your home and help you stay within your budget.
It’s also important to keep up with routine maintenance, so that minor issues don’t turn into major problems down the road. For example, regularly replacing air filters, cleaning the gutters, and maintaining a sprinkler system can save you a lot of money in repairs later on.
The best way to improve a home is by staying on top of routine maintenance and making regular updates, like painting or adding a fresh coat of paint. These simple upgrades will keep your home looking its best and help you feel proud of your home.