Home improvement refers to the renovation of a house, building, or property. This is a large industry, and includes the retail sale of building materials, appliances, decor, and services such as contractors and tradespeople. It also encompasses DIY home improvements. The home improvement industry has seen excellent growth results in recent years, especially during the COVID-19 pandemic.
Certainties in Life
Some home improvement projects simply can’t be put off — fixing a leaky roof, for example, or replacing an old furnace. The good news is, many of these can be completed on a relatively low budget.
However, when it comes to major projects such as a kitchen or bathroom remodel, it’s important to plan and budget for the work and materials needed. Having a firm idea of what the project will cost can help homeowners avoid going over budget or getting into debt.
It’s also smart to research contractors before hiring one. Consumers can find a wealth of information online, and can often check whether a contractor is licensed or insured by visiting the state’s website. It’s a good idea to perform other due diligence, such as requesting business references and checking out the company’s reviews.
In addition, consumers should consider the possibility of an arbitration clause when signing a contract for home improvement services. Ideally, the contract should clearly set out the type of dispute resolution being used (such as mediation or arbitration), the process for selecting the arbitrator(s), and the parties’ rights to appeal the decision.