Home Improvement – An Important Part of Home Ownership

Home improvement is an area of home renovation, which encompasses a wide variety of improvements to a home, such as kitchen remodels, bathroom renovations, adding or remodeling rooms, installing fixtures, painting and other decorative enhancements, such as wallpaper. Home improvement is an important part of homeownership, and it can be a very satisfying endeavor. It is important for homeowners to choose wisely which projects to undertake, and to prioritize upgrades that will add long-term value to the property. It is also advisable to consult a real estate agent before beginning any major projects that may negatively impact resale value, or to make sure that the desired upgrades are within the neighborhood’s standards for that particular market.

Many different contractors offer services in the field of home improvement, and prices will vary widely. It is recommended to choose a contractor who is licensed, insured, and accredited by a professional organization. A contract should also clearly outline all work to be performed, the estimated completion date and any warranties provided.

The resale value of a home can be increased by making energy-efficient improvements. This includes adding insulation, a new furnace or air conditioning unit, and replacing older windows with energy-efficient models. Other popular home improvements include adding a deck, patio or outdoor landscaping, and installing a manufactured stone veneer to the exterior of the house. Many of these improvements will recoup at least 96% of the initial investment. It is important to keep in mind that home improvement spending has been rising since 2010, with aging homeowners being the driving force behind this increase.