Home improvement is a common hobby for many people. Many homeowners undertake remodeling projects with the intention of increasing their home’s value. They may also want a more updated kitchen or a finished basement. However, not all improvements increase a house’s value and some can actually decrease it.
The term “home improvement” is broad and can include any renovation, repair or modification of a home, apartment, flat, bungalow, etc. It can also refer to the addition of a new room, such as an attic or garage, or the installation of a new window, door or roof. It could also mean repairing or replacing existing items, such as a worn doorknob or a broken gutter.
According to Angi, an online contractor search service, the number of home improvements being undertaken has risen significantly since 2010. The largest surge came among older homeowners, with those 55 and over accounting for the biggest percentage of growth. Experts say the rise in home renovation is due to a variety of factors. One is the fact that rock-bottom interest rates have made it easier for people to finance a remodel. In addition, in uncertain economic times, some people find comfort in spending on an investment such as a home remodel.
Another reason is the popularity of television home improvement shows, such as Bob Vila’s This Old House, which has been airing since 1979. These types of shows have helped to spread the do-it-yourself or DIY culture that has become so popular in recent decades. In addition to helping to expand the industry, the DIY trend has helped to foster a sense of community among home owners. Many people enjoy working on their own homes and feel a sense of accomplishment when they finish the job.
Some home improvement projects have a high return on investment, such as sparkling bathroom overhauls and kitchen renovations. However, others have a much lower return on investment and some projects are better left to the professionals.
One of the most important things to remember when undertaking a home improvement project is to make sure that the work you do is done properly and safely. Doing otherwise can result in costly repairs or even injury to yourself or someone else.
While some home improvements are better left to professionals, it’s also important to remember that not all contractors are created equal. Some will overcharge you or do shoddy work that can end up costing you more in the long run. Angi recommends researching contractors and reading reviews before hiring one for your next home improvement project.
Before getting out the sledgehammer, it’s best to consult with experts who can advise you on the best ways to improve your home. They can help you decide what improvements will add the most value and which ones are a waste of money. It’s also helpful to speak with a Realtor who can provide you with an idea of what other homes in your area are selling for. This can give you a good idea of what type of upgrades will attract potential buyers.