Home improvement is the repairing, renovating or modernizing of a building or structure on a residential property. This includes, but is not limited to, kitchens, bathrooms, floors, doors, windows, siding, roofs and appliances. The term may also refer to an outdoor project, such as repaving the driveway, installing a patio or building a fence.
While a home improvement can be costly, there are ways to make your house more attractive without running into debt or emptying your savings. Painting, re-grouting tile, and power washing are some low cost, high return projects that can easily add value to your home.
The home improvement market is surging with rock-bottom interest rates making it even more appealing to invest in your home. But, it’s important to keep in mind that not all improvements will boost your home’s resale value.
For example, a deck is an excellent way to create more living space, but it doesn’t necessarily increase your home’s resale price. So, before you start any major renovations, it’s a good idea to talk to a real estate professional in your area to see what projects will have the most impact. It’s also a good idea to consider your own comfort and enjoyment when making upgrades. If you renovate solely based on how much the improvements will boost your home’s resale, you may end up with a showplace that doesn’t feel like your own. That’s a big mistake. For homeowners who plan to stay put, making their homes more comfortable can be a great way to get the most satisfaction out of their investment.
