Home improvement encompasses a broad range of projects that make your house more functional, attractive and comfortable. It includes everything from replacing worn doorknobs to creating a whole new bathroom. The home improvement industry has enjoyed some excellent growth results recently. Much of this spike is attributed to the COVID-19 pandemic, but many homeowners were planning upgrades before the epidemic hit.
The National Association of Realtors reports that homeowner remodels increased during the COVID-19 pandemic, and the reason is clear: Homeowners wanted to upgrade their homes for both comfort and resale value. Many of these renovations recoup their costs, but some are a waste of money.
It’s important to understand how each project will impact your home and your budget before you start making changes. That way you can avoid costly mistakes and ensure that any work you have done is done well.
In addition, you can use our home improvement calculators to find out how much popular home improvements cost and to see how they will affect your property value. Then you can make smart choices that will help you save money.
Of course, some home improvements are necessities and must be completed regardless of what’s happening in the real estate market. Fixing electrical problems, leaking roofs and cracks in the foundation are examples of projects that cannot be delayed. These repairs are critical to keep your family safe and to prevent expensive damage to the rest of the house.