Home improvement is any activity that adds value to a residential dwelling. It encompasses a wide range of projects, including kitchen remodels, bathroom renovations and adding an extra bedroom. Other popular renovations include installing a new driveway, putting in a garden and updating the home’s exterior. While some projects increase a house’s value, others may not be worth the time and expense, so it’s important to research your options before you start swinging a hammer.
Many homeowners want to get in on the action and upgrade their property. This can be a great investment, especially if you plan to sell the house at some point in the future. It is also a way to make the house more comfortable for your family while you live there.
However, it is essential to prioritize the most beneficial upgrades and avoid those that will not add any value. Talk to a realtor about what home improvements are most popular in your area, and consult a real estate appraiser to help determine the true cost of the project and how much it will add to the home’s resale price.
You should also consider the amount of time you are willing to spend on home improvement projects, and whether you will be able to handle the work yourself or require professional help. There are plenty of do-it-yourself home improvement books and television shows, as well as online “how to” videos, to help you learn the skills needed for various projects.
When completing any home improvement project, it is essential to create a contract for the work. This should include a description of the work to be completed, a payment schedule and a list of all materials to be used in the project. It should also clearly state how long the contractor will be performing the work and when it is expected to be substantially complete.
A well-maintained yard is one of the best ways to improve your home’s curb appeal, and it’s usually one of the top ranked projects on the Cost vs. Value Report. Start by mowing the lawn and trimming shrubs, and add a few potted flowers for color. If you have a more extensive yard, consider adding an outdoor living space like a deck or patio.
If you have kids, it may be a good idea to add a children’s room or additional bathroom. This will not only give you a place to escape, but it will also increase your home’s value and resale potential. If you don’t have kids, you might want to skip this type of home improvement, as it may not be appealing to other families. If you are considering a more expensive child’s room, it may be best to hire a professional and use high-quality materials to ensure that the space is safe for children. This will help to protect your investment and make sure the job is done correctly. If you decide to hire a contractor, be sure to check the contractor’s license and insurance before hiring them.