Home improvement is the renovation or repair of a residential structure. These projects can include maintenance such as painting, staining or replacing floor coverings, but also major changes like adding a room or installing a new kitchen. The purpose of home improvement is to make a house more pleasant and functional for its inhabitants. In addition, the increase in home prices resulting from improvements can also add to a homeowner’s equity.
One important consideration when considering home improvements is that your own comfort and enjoyment should be higher on your priority list than how much you’ll get back when you sell it down the road. Renovating solely based on resale value will lead you to create an impersonal showplace that doesn’t feel like your home. If you do choose to renovate with resale in mind, speak to your Realtor about what’s popular in your neighborhood so that you won’t be out of step with other homes in your area.
The most popular home improvement is a bathroom remodel, followed by adding an extra bedroom and adding a deck or patio. It is also a good idea to focus on those projects that are likely to return your investment, such as updating appliances or making energy-saving upgrades. A smart thermostat that learns your habits and adjusts accordingly may save you money on energy costs, for example. Putting a fresh coat of paint on your home is another simple, affordable way to update its look.