Home improvement is a broad term and can refer to any type of alteration, repair, remodelling or renovation of any structure or fixture in a residential or noncommercial property. It may also refer to improvements that can be made to outdoor spaces like gardens and driveways. Home improvement can also be achieved through the installation of new fixtures such as light bulbs or faucets in any room of a house or the construction of a new addition to a existing home.
Whether you are planning to sell your home or simply want to improve its appeal, the right improvements can add significant value to your property. However, it is important to avoid over-improving your home, as this can have a negative impact on the value of the property. Over-improving your home could also be a waste of money, as potential buyers may not be interested in paying for your upgrades.
While many Americans embraced home improvement during the COVID-19 pandemic, it is likely that this trend has peaked. In 2022, homeowners spent more on renovations than in any other year. In this article, we explore the latest trends in home improvement, the most popular projects and how they can benefit your property value.