Home improvement is a broad category that encompasses a wide range of renovation and repair projects. Some of the most popular and common home improvement projects include remodeling, landscaping and repairing damaged property.
When deciding on what home improvement project to undertake, it is important to consider the value of the work. If the work does not increase the resale value of your home, then you may not get the maximum return for your investment.
There are several factors that impact the resale value of your property. Some of these factors are the market in your area, whether it is a seller’s market or a buyer’s market and how many homes have been sold in your neighborhood recently.
The best way to determine what improvements will add value to your home is to look at what other homeowners in your area have done, and compare it with what you want to do. Be sure to research what the average selling price of similar homes in your area is.
In addition to resale value, the quality of the upgrades you make should also be considered. Some of the most expensive upgrades, like marble flooring and granite countertops, do not have as high of a resale value as more affordable upgrades such as new appliances.
Invest in energy efficient upgrades that will reduce your utility bills and save you money. Installing a smart thermostat, replacing old windows or adding insulation are all great ways to make your home more energy-efficient.