Home improvement is a common thing to do to make your house more pleasant to live in. But it can also be a costly project if not done correctly. It is important to find a trustworthy and experienced contractor for any home improvements you do, and always get everything in writing. In addition, it is a good idea to check that the contractor you hire has all necessary insurances, especially Worker’s Compensation and General Liability.
Many people turn to television for ideas when they decide to renovate their homes, with popular shows like Fixer Upper and This Old House filling the airwaves. But it’s one thing to watch someone else’s renovation on TV and another to actually do it yourself.
Some home improvement projects can’t be put off, such as a leaky roof or electrical problems that could pose safety risks. Others are meant to boost resale value. However, some homeowners end up putting in home improvements that don’t pay off when it comes time to sell. A sparkling bathroom overhaul may be nice, but it doesn’t necessarily increase your home’s resale value, according to data from the Contractor Growth Network.
A few things to keep in mind before taking on a home improvement project are the size and scope of the project and how much you’ll end up paying for it. For example, if you’re planning to install a swimming pool or outdoor kitchen, be sure to factor in the cost of labor and materials as well as any additional costs, such as permits.
Regardless of the type of project you’re considering, you should take the time to shop around for contractors and ask for references. It’s also wise to make sure that the contractor you hire has all required licenses and insurance, as failure to do so could result in fines and other legal penalties. New York state law requires that contractors provide a written contract for any home improvement work that includes a timeline of when the work will be completed, a payment schedule and as much detail as possible about the project, including any specific types or brands of materials to be used.
If you’re going to pay for a home improvement, it’s worth checking whether the cost of labor is tax-exempt in your area. For instance, in New York state you can request a document with the department of taxation and finance that certifies your home improvement as a capital improvement, which would exempt you from paying sales tax on materials only.
You can also consider using an online service that specializes in aggregating home improvement offers from various contractors. This is an efficient way to save time and energy while ensuring you’re getting the best price. You can also look for a company that provides customer reviews and background information on each contractor. It’s a good idea to avoid any companies that have an unsatisfactory track record or bad reputation. You can also try to find out whether the contractor is a member of any professional associations or has any accreditation from an independent agency that certifies home improvement contractors.