Home improvement is any kind of renovation or remodel project that increases the functional value of a home or its surroundings. Such projects may include updating a kitchen, bathroom, or bedroom, adding a deck or patio, planting trees and shrubs, and making other aesthetic changes to the property’s exterior. It may also include improvements to a home’s heating, ventilation and air conditioning (HVAC) system, such as replacing filters or sealing drafts.
Although major home improvement projects have been largely on hold during the Covid lockdown, consumer spending hasn’t completely dried up. Lowe’s and Home Depot have reported brisk sales of smaller, lower-cost items, like doorknobs, cabinet pulls, and paint. Anderson also reports that home-center categories surging the most include work on outdoor spaces, such as painting and staining doors, and landscaping or building fences.
But before you channel your inner Bob Vila, consider these expert tips to help ensure your home improvement project is a success. For starters, hammer out the non-negotiables for the results you want to achieve. That means figuring out your desired end result, how much you’re willing to spend on it, and what the timeline will be for completion. That way, you won’t run into any surprises down the road. Another key tip: Keep your improvements consistent with the style and value of your neighborhood. Homes that stand out too much from the surrounding comps may be less appealing to buyers. If you’re unsure what upgrades will add the most value, talk to your local Realtor or real estate appraiser.