Home Improvement – What Is It and Why Should You Do It?
Home improvement refers to a wide range of renovations or add-ons that increase the efficiency, appeal or value of a residential property. The industry is driven by consumer demand for energy-efficient appliances and home systems, as well as improvements that make a house safer or more comfortable, such as installing a security system or upgrading the HVAC.
Home improvement has reached record highs in recent years, and experts expect the industry to continue its upward trend. Rock-bottom interest rates and an unsettling economy may be encouraging consumers to invest in their homes, especially since a well-maintained home can increase resale value.
There’s no one-size-fits-all approach to home improvement projects, but there are some upgrades that are more likely to pay off than others. Energy-saving renovations like a smart thermostat, which can be installed for less than $500, are a great place to start. Other quick fixes that can have a big impact include replacing worn doorknobs, cleaning out rain gutters and repairing sidewalk cracks.
When it comes to long-term upgrades, a kitchen or bathroom remodel can boost your home’s resale value and provide an excellent return on investment. However, it’s important to choose a project that will suit your personal style and taste, as well as the overall aesthetic of the neighborhood. It’s also a good idea to consult with a real estate agent before starting any major home improvements, as they can help you determine which projects will have the best resale value.