Home Improvement Is a Great Way to Make Your Home Feel Like Yours

Home improvement is a popular way to make a property feel like your own. The benefits of this project vary by property type, but can include increasing a home’s value, updating the exterior or interior, and upgrading the functionality of a space.

Some homeowners may choose to renovate their home for financial reasons, but a return on investment isn’t always guaranteed. Adding a master suite, for example, may cost more than it would recoup in increased resale value. However, some projects can provide more immediate returns, such as installing a new front door or updating the kitchen.

A major renovation can be costly and complicated, and it’s important to consider your budget and time frame before committing to any work. It’s also important to weigh the pros and cons of a loan, including interest rates and monthly payments. “Make sure that you can comfortably afford the monthly payment and that it makes sense to take on debt for this project,” Tomalak says.

Considering the recent economic uncertainty, it’s no wonder some homeowners are cautious about committing to major home renovations. Still, there is a renewed interest in smaller projects that can make a big impact. The categories that are surging the most are outdoor improvements, such as deck construction and putting up fences. According to data from market research firm Circana, these projects are largely driven by rising prices, which are partially due to inflation.

While some home improvement projects are high-end, many are more middle of the road. Having a kitchen or bathroom that’s more updated can increase your home’s resale value, but it’s important to keep in mind what other homes in your neighborhood are like and what potential buyers are looking for.

If you’re planning on selling your home soon, consult with a real estate agent to ensure that your improvements will add value. Investing in high-end upgrades, such as marble flooring, can be off-putting for potential buyers. Similarly, installing a fountain in your backyard when your neighbors have fairly modest landscaping could stand out for the wrong reason.

Tim Allen, Richard Karn, Debbe Dunning, and Casey Sander reunited for a TV special in 2003, called Tim Allen Presents: A User’s Guide to Home Improvement (the late Earl Hindman provided voice-overs as Wilson). The show ended after eight seasons, with the last episode airing on September 29, 1998. In the final episode, Randy left for an environmental study program in Costa Rica and didn’t return for the series finale (Thomas was reportedly busy with his academic career at the time).

A primary suite—a bedroom with a full bathroom and walk-in closet—can be one of the most expensive projects to undertake, but it can add significant resale value. Other projects that can help your home sell quickly include adding an extra bedroom or bath, remodeling the kitchen, or updating your home’s paint and finishes. Before you start a project, talk to a real estate agent about what other homes in your area are like and what improvements have historically performed well in your area.

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