Which Home Improvement Projects Are Worth the Investment?

Home improvement refers to any type of renovation, repair or addition that improves a home’s aesthetics, functionality or livability. This can include repairing damage, upgrading appliances or fixtures, adding new features, or simply redecorating. A number of home improvement projects also add value to the property and help protect against natural hazards such as flooding, seismic shifts or climate change.

The popularity of DIY television shows such as Bob Vila’s This Old House has contributed to the growth and popularization of the industry. These programs feature step-by-step instructions and a focus on craftsmanship that has helped foster a greater interest in home remodeling and renovation among many consumers.

When it comes to determining which home improvement projects are worth the investment, homeowners should consider their motivation for renovating. According to a 2022 study by the National Association of Realtors (NAR), respondents cited improvements that enhance their home’s appearance as the most important reason for undertaking a project, followed by improving livability and increasing functionality.

Regardless of their reasons for choosing a particular home improvement project, homeowners should always do their research and select contractors carefully. To ensure the best possible results, homeowners should ask potential contractors to provide project references, and verify their licenses and insurance coverage before hiring them. Additionally, it is advisable to always get a written contract from any contractor prior to beginning work. This will help avoid misunderstandings and disagreements down the road. The contractor should be able to clearly explain all fees and expenses associated with the project, including any permit fees.