Home Improvement 101

Home improvement

Home improvement is the repair, remodeling, alteration, conversion, modernization, or addition of a building or structure. The term also includes any work done in the yard, such as a new deck or fence.

How it Boosts Your Home’s Value

If you’re thinking of selling your house, you want to do any home improvements that add to its value and help it stand out from the competition. Some projects like adding trim to windows or installing a front door give the best return on your investment.

Some home improvements actually decrease your home’s value, though some increase it. The trick is to do the right ones that add to your home’s functionality or value.

Why you should consider it

The primary reason to do home improvement is to improve your living space and make it more comfortable. But many homeowners undertake renovations or additions with an ulterior motive: They hope the project will add to their home’s value.

It can also be a good way to protect your home from disasters and make it more resilient in the future. For example, elevating your property in flood zones or updating landscaping with fire-resistant options could help it withstand storms.

In general, home improvement is a wise investment that pays for itself over time. You’ll have a better chance of making that return if you don’t overspend or go into debt. You can use a personal loan, a home equity loan or a home equity line of credit to finance your project.