Home improvement is the process of renovating and updating a house. The term home improvement can also refer to a variety of tasks that increase the comfort and beauty of a dwelling, such as painting or landscaping. The goal of home improvement is to improve the overall condition of a house and increase its market value. Homeowners can choose to do their own improvements or hire a professional contractor.
A good home improvement project can be inexpensive or complex, but it must add to the function of a house and enhance its aesthetic appeal. A poorly planned or executed project can actually detract from the value of a home, so it is crucial to plan a home renovation carefully and research what improvements will best return on investment.
The most common way to pay for a home improvement project is through cash or credit cards, but other options include taking out a personal loan or using a home equity line of credit (HELOC). In the case of HELOCs, homeowners can borrow against the equity in their homes, which can have lower interest rates than unsecured loans.
Hippo recommends hiring a professional contractor to ensure the work is done correctly and safely. When hiring a contractor, it is important to get a written contract that includes a timeline for the work to be completed and a payment schedule. It should also include detailed descriptions of the work to be performed, including any materials or brands to be used. Homeowners should withhold final payments until the work is completed and all required inspections and certificates of occupancy have been issued.
Adding square footage to a home is an excellent way to boost its value, but it’s also one of the most expensive home improvement projects. For those who want to increase the livability of their homes without spending a fortune, there are many low-cost and quick DIY home improvement projects that can be completed in a weekend or less.
According to the National Association of Realtors, most homeowners upgraded their properties during the pandemic for a number of reasons. They wanted to replace worn surfaces, make their houses more energy-efficient, and increase their enjoyment of their homes.
Creating an inviting entryway is an easy and cost-effective home improvement project that can boost your curbside appeal and welcome guests. Start by giving your front door a fresh coat of paint and replacing old hardware. Complete the look with a new doormat and plant some colorful flowers near your entrance to create an appealing first impression.
A home’s exterior is a buyer’s first impression, so it is essential to keep it well-maintained. Regularly pruning shrubs and trees, mulching flower beds, and sweeping driveways are simple but effective ways to improve your home’s curbside appeal.
Adding a bedroom or bathroom to a home is another popular way to increase its market value. However, it’s important to consult a real estate agent before making any major additions to determine if they will add or detract from your home’s resale value.