Home improvement is the renovation of a dwelling, usually including the entire interior and any outdoor spaces. Home improvements can be made for a variety of reasons such as: personal preference and comfort, maintenance or repair work, adding an extension to the house, or improving energy efficiency.
Some home renovation projects must be done to make the property safe for the family to live in, such as fixing an electrical problem or addressing a crack in the foundation. Others are more desirable if the homeowner wants to increase the home’s value so that it sells for more money when the time comes to move. Popular home renovations include sparkling bathroom overhauls and kitchen and basement remodels. However, many homeowners do not get their full investment back when they sell the home.
A home improvement project can be very expensive, which is why it’s important to have a clear idea of what you want from the renovation before starting. If you aren’t sure, consider getting advice from a real estate agent or home loan specialist. They can help you determine the best upgrades that will add to your home’s resale value.
It’s also smart to stay within budget when choosing a contractor. A common mistake is hiring someone based on price alone. Be sure to compare other factors such as the contractor’s experience, credentials, reputation and business references. Maryland’s law requires that any contract for home improvement work be in writing and signed by the consumer and the business before the work begins or any money is paid. Look for a contract that has the business name, address, and MHIC license number preprinted on it.