Home Improvement Ideas to Add Value to Your Home
Home improvement, also known as home renovation or remodeling, is a type of construction or repair work that is performed on an existing home. It can include a wide variety of projects that upgrade an interior or exterior space.
Home improvements are a great way to improve the functionality and value of your home while also adding personal touches and creating a more comfortable living environment. There are a variety of home improvement ideas to consider, from low-cost and easy-to-do do-it-yourself projects to higher-end remodeling that adds significant value for both you and potential buyers.
High-value home improvement options can increase the total dollar amount of your home sale by about 30%, according to a recent report from Angi, a leading residential real estate website. Among those projects are refinishing hardwood floors, converting a basement into a living area and renovating closets.
In addition to increasing the overall value of your home, these projects can help lower your utility costs by increasing energy efficiency. Installing a smart thermostat, for example, can save you up to $200 to $500 per year in energy bills.
Choosing the Right Contractor
Before hiring a contractor, make sure they’re licensed in your state and bonded. Ask for references, and check their business records to see if they have any serious criminal convictions.
Then, compare prices from contractors bidding on the project. Be sure to factor in things like their experience, reputation and length of time in business before making your final decision.