Home improvement is an ongoing process of making improvements and repairs to one’s home. It can involve anything from repairing minor problems to adding new features or expanding existing ones. It is generally done in order to make the house more functional, comfortable or pleasing. It can also be done in order to increase the resale value of the property. Home improvement projects can range in complexity and cost. Some are more expensive than others, but all can contribute to the homeowner’s satisfaction with their home.
Many homeowners took the opportunity to upgrade their homes during the pandemic, but that wasn’t the only reason for the spike in renovations. The National Association of Realtors reported that the vast majority of renovators were planning their work well before the pandemic hit, and they cited motivations such as updating worn-out surfaces, finishes and materials (29%) as much as increasing livability and adding features to their home (20%).
There are many benefits to making home improvements, including the ability to create a more functional and attractive space, and to customize the living environment to fit one’s preferences. In addition, upgrades often improve a home’s safety and security. They can also reduce energy costs and make the home more environmentally friendly.
Despite the high level of satisfaction that most homeowners gain from their home improvement projects, it is important to remember that not all remodeling jobs are created equal. A few projects are better suited to raising the overall home’s value, while others have a more limited return on investment. Keeping these factors in mind can help homeowners determine whether a project is right for them, and how much to spend on it.
According to the NerdWallet survey, most homeowners intending on taking on a project in the next two years plan on making small changes such as painting rooms and replacing light fixtures. However, about half of those surveyed are thinking about more extensive remodels or additions. This can include everything from a new kitchen to a second bathroom.
While many homeowners have a good understanding of the basics of remodeling, it is always wise to hire professional contractors for major work like installing a heat pump or cutting through walls. These professionals are trained to work safely in such areas, and can ensure that all of the necessary precautions are taken.
Even simple projects can require a license and insurance. Some states also regulate how much a contractor can charge for a job and how long they have to complete the work. In addition, a contract should also contain a description of any warranties that may apply and any other terms that the parties have lawfully agreed to. It is also a good idea to get all promises in writing. This can protect the homeowner in the event that a dispute arises with the contractor over the course of the project.