Home improvement is a type of renovation or remodelling that involves changing the interior and exterior of a residential house. The purpose of this is to make it more comfortable, attractive and livable. Home improvements can also increase the resale value of a property or provide a safer living environment. There are many different types of home improvements that can be done, such as painting, re-grouting tile, replacing flooring, and adding lighting. Some home improvements are more expensive than others, but there are also some that can be accomplished for a relatively low cost.
Homeowners often take on renovation projects with an ulterior motive — they hope the upgrades will add to a property’s resale value when it comes time to sell. After all, who wouldn’t want a state-of-the-art kitchen or a basement finished with a swimming pool? But not all remodeling projects are created equal, and some will actually decrease a home’s value.
During a period of uncertainty in the economy, homeowner’s have been spending money on home improvement projects. However, homeowners have pushed some of their projects back this year because of cost, supply issues and problems with pro availability.
The categories of home improvement that are surging the most this year are mostly related to outdoor work. Deck construction is up more than threefold this year, and the number of people hiring landscapers to put in a new fence has almost doubled. Anderson says that these trends could be because of rock-bottom interest rates, as well as the sense that home improvement projects are a good way to get an immediate return on investment.
It’s important for homeowners to do their research before hiring a contractor to perform any home improvement project. There are a variety of factors to consider, such as price, type of firm, experience and reputation. In addition to getting multiple estimates, a homeowner should always read a contract carefully to ensure it includes the following:
A description of the work to be performed and a list of materials to be used. The contract should also include the approximate dates when performance will begin and when it will be substantially completed.
The name, address and contact information of the contractor. The contractor must also disclose any potential hazards or risks involved in the project and explain what steps he will take to avoid them. In addition, the contract should contain the name of the person who will mediate if a dispute arises.
There are many do-it-yourself (DIY) home improvement projects that can be done inexpensively and that will add real value to a property. For example, painting a room or re-grouting tile are simple and affordable ways to improve the look of a space. Also, a power washing of the driveway or curb can make a big difference in how a property looks.