Home improvement is the renovation of a house or apartment. The work can be done for a variety of reasons: to improve the home’s function and aesthetic, for safety and security, to make the home more energy efficient or to increase its market value.
The best home improvements can often be the simplest. For example, updating light fixtures is a great do-it-yourself project that can have a big impact without breaking the bank. Changing the knobs and pulls on cabinets or drawers can also be an inexpensive upgrade that adds personal flair. Another affordable improvement is adding architectural details to a room, such as baseboards, corbels or appliques.
One trend that’s gaining traction during the pandemic is making a backyard a more enjoyable place to be. Anderson says that deck construction is up more than threefold during the outbreak, and fence construction is up almost as much.
Other popular home improvement projects include remodeling a bathroom, installing new flooring or kitchen cabinets and adding an extra bedroom or bathroom. While these upgrades can increase a home’s value, homeowners should keep in mind that not every renovation will return the cost of investment. For example, adding a water feature and koi pond to the backyard may appeal to you, but it’s unlikely to please future buyers.
The most valuable renovations can be those that address problems that a buyer might notice, such as a leaking roof or a damp basement. These projects should be made as soon as possible to avoid costly repairs down the road. Homeowners are also encouraged to check for licensed contractors and always get a written contract before the project begins. The contract should specify the timeline for the work to be completed and include a payment schedule with withholds for inspections, certificates of occupancy and final payments.
