Home Improvement – How it Can Increase Your Home’s Value

Home improvement

Home improvement is a series of renovations and repairs done to improve the look, functionality or comfort of a residential home. The goal is to make the property more attractive and useful for its owners while maintaining or increasing the market value of the house. Home improvements can be as simple as a fresh coat of paint or as complex as a kitchen remodel. Whether you plan to sell your house or just want to enjoy it more while living there, the right projects can add substantial value to your home.

A well-planned home improvement project can help you achieve your goals while staying within budget and timelines. Start by determining the non-negotiable results that you want to see and how much they will cost. This will allow you to create a realistic schedule and plan accordingly. It is important to avoid last-minute changes, as these can be stressful and expensive. If you are borrowing money for your project, have a contingency plan in place to cover unexpected expenses, such as an emergency home repair or higher-than-expected material costs.

While you may be tempted to take on some of your home improvements yourself, hiring professionals is often the best option for major upgrades and safety-critical work such as electrical, plumbing and heat systems. A lack of experience can lead to costly mistakes, so it is best to leave these tasks to experts who are trained in proper methods and procedures.

One of the most common reasons homeowners complete home improvements is to increase livability and enjoyment of their properties. According to a recent 2023 report by the National Association of Realtors (NAR), 83% of surveyed homeowners reported that they were satisfied with their home improvements and enjoyed spending time in their upgraded homes. Some of the top motivations for remodeling included upgrading worn-out surfaces, finishes and materials (35%), adding features and improving livability (20%), and adapting their homes to fit lifestyle changes (16%).

Investing in maintenance and home improvements is a necessary part of owning a home. Failure to keep up with things like the roof, heating and cooling systems and plumbing can result in serious damage and costly repairs later on. Additionally, a failing roof, termite infestation or outdated electrical systems can have negative impacts on your home’s market value.

Tim Allen, Richard Karn and Casey Sander reunited for a television special called Tim Allen Presents: A User’s Guide to Home Improvement in 2003 (a terminally ill Earl Hindman did voice-overs for Wilson; he died soon after). The show received numerous awards throughout its eight-season run. It is also available in various DVD sets and online streaming services.