Home Improvement Trends for 2023
Home improvement, also known as home renovation or remodeling, is the process of improving or repairing the interior or exterior of a residential dwelling to better fit the homeowner’s lifestyle and needs. Home improvements can include projects such as adding or replacing rooms, installing fixtures and appliances, painting and decorating. In addition to enhancing the look of a house, these renovations can increase its value and reduce costs by making it more energy efficient.
Homeowners often undertake these projects themselves (do-it-yourself) as a means of saving money or to gain satisfaction from accomplishing a task themselves. Home improvement stores cater to this market by selling tools and supplies needed for a variety of jobs. Many books, television shows, and online “how-to” videos provide guidance for those interested in DIY home improvement or repair.
Updates that save on energy bills are likely to be popular during 2023, particularly those that improve a home’s insulation or air sealing. These upgrades can be relatively inexpensive and offer significant savings on heating and cooling costs.
When planning a home improvement project, be sure to consider how the change will impact resale value and whether you can afford the costs. It is also wise to review your homeowners insurance policy to ensure that it meets your current needs and protects you against unforeseen damage that may occur during the work. Moreover, before starting any work, be sure to check for any existing permits that may be required.