Home improvement is the process of upgrading the interior or exterior of a dwelling. Alternatively, the term may also refer to work done for the purpose of enhancing a homeowner’s enjoyment and satisfaction with their property. The most common home improvement projects are remodeling kitchens and bathrooms, adding decks and patios, putting in new windows and doors, and replacing the roof. These projects can be costly, so it’s important to research what improvements are most likely to increase a home’s value and provide a good return on investment before undertaking any major renovations.
While some homeowners may be capable of handling basic home repair tasks and smaller improvement projects on their own, most require the assistance of professionals. There are a number of companies in the home improvement industry that offer a wide range of services, and it’s important to choose one that is licensed, insured, and has a good track record. It is also wise to check a company’s customer reviews, as well as their membership in professional associations and accreditation by business organizations.
According to a recent study, homeowners are planning to undertake more home improvement projects over the next two years than they did during the COVID-19 pandemic. In fact, 54% of those surveyed say they are looking to make their homes more comfortable for themselves and their families. Another 33% want to improve their home’s curb appeal by sprucing up the yard, including planting flowers and bushes, and pruning or removing trees and shrubs.
Some of the other top reasons people give for wanting to renovate or improve their homes include adding an extra bathroom (39%), converting attic space or basement (35%), building a deck or patio (30%), and installing a security system (23%). The most popular projects that will add the most value to a home are kitchen renovations, bathroom remodels, adding a new bedroom, and garage conversions. Other high-return projects that can be easily completed by the average homeowner are replacing siding, adding a new driveway, and installing a new front door. The least expensive project that will have the greatest impact on a home’s value is installing a new energy-efficient heating, ventilation and air conditioning unit (HVAC). This will reduce utility bills by increasing efficiency and reduce home maintenance costs. In addition, it will help to keep the environment healthy and sustainable by reducing greenhouse gas emissions. Homeowners will also benefit from the tax credits that are available to them for installing this type of equipment. These incentives are designed to encourage more homeowners to invest in improving their homes and reduce the dependence on foreign oil. This will in turn, benefit the nation’s economy by generating increased demand for domestic products and creating more jobs.