Home Improvement – Smart Choices That Will Add Value to Your Home and Improve Your Return on Investment

Home improvement

Home improvement is a huge industry, with more than half of homeowners planning to renovate their homes in the near future. From boosting curb appeal to adding a primary suite, these projects can be expensive and it’s important to make smart choices that will add value to your home and improve your return on investment.

A number of factors are driving the surge in home renovations, including rock-bottom interest rates and a sense that investing in your property is a safe, sensible, comforting option during unsettling times. But according to the National Association of Realtors, homeowners have also found that their upgraded homes make them happier and more satisfied with their residences.

While there are many great DIY projects that can give your house a quick, easy upgrade, it’s always best to hire licensed contractors for major work. A professional will ensure that all safety and building codes are followed, which protects you as a homeowner. Before hiring a contractor, check to be sure that they are insured and bonded. Ask friends and neighbors about their experiences with local contractors and find out if they would recommend them.

It’s also important to consider the resale value of your home when making upgrades. If you have plans to sell your property in the near future, talk with a real estate agent to learn what types of improvements will maximize your returns. For example, a new pool may look spectacular but it could be a turnoff for potential buyers who are looking for a more traditional home with a yard that fits the neighborhood.