Home improvement is an ongoing series of renovations and additions to a property that improve its comfort, safety, and aesthetic appeal. Many homeowners choose to renovate for resale purposes, but some simply want to update their living space. Whatever the reason, renovations can add value to your property and increase the amount you could get if you decide to sell.
A recent survey found that 54% of homeowners reported increased levels of happiness after finishing a home remodeling project. These improvements have a variety of benefits, including cost recovery at resale and energy savings. They can also provide a tax benefit and qualify for special mortgage financing, such as a cash-out refinance.
The most popular home improvement projects involve work outside of the house. Anderson says deck construction is surging, with an estimated increase of 275% and fence construction at 144%. Landscapers are in high demand as well, with the number of clients hiring them jumping by more than 30%.
A new deck or fence are substantial projects that can add up quickly. But there are plenty of smaller upgrades you can make that won’t break the bank. Even things like painting and re-grouting the tile in your shower can have a big impact on how your home looks. If you have an eye on selling your home, it’s a good idea to hire a professional contractor, but for smaller projects, there are many do-it-yourself options. Store supplies in repurposed containers such as spice containers or mason jars to keep them handy and organized.