Home Improvement – What is it and Why Should You Do It?

Home improvement

Home improvement is the repair, replacement, alteration, renovation, modernization, or improvement of a residential or noncommercial property. It includes, but is not limited to: the construction or installation of driveways, swimming pools, patios, landscaping, fences, porches, garages, basements, and fallout shelters. It also includes the painting or decorating of such property. It does not include the construction of a new house, building, or apartment nor work done by a contractor in compliance with a guarantee of completion of a new house or building project.

A good reason to undertake a home improvement project is to increase your property value. This is especially important if you’re thinking of selling your home in the future. Ideally, you want to choose projects that will yield high returns and appeal to the majority of buyers in your area. However, it’s important to note that some improvements may not increase your property value as much as others.

While it’s important to consider a potential return on investment when choosing your next home improvement project, you should also think about the overall quality of your home. A few simple updates can make your home feel fresh and new again, without costing too much money. These can be as simple as refreshing shower areas, replacing vanities and toilets, or laying new tile and fixtures.

The most popular home improvement projects involve adding space. Whether it’s a spare bedroom, a finished basement, or even a deck or patio, adding space can greatly increase your home’s value. However, it’s important to plan carefully before taking on any large additions or renovations. A poorly executed project can end up costing you more than if you had simply built an extra room from the start.

Other common home improvement projects include installing a new kitchen or bathroom, replacing doors and windows, and adding landscaping. The latter can be particularly effective, as it helps keep your home safe from inclement weather while adding a sense of curb appeal.

One of the biggest trends in home improvement right now is the resurgence of DIY projects. Many homeowners have taken advantage of low interest rates and rock-bottom prices on materials to complete projects they’ve been putting off for years. This is particularly true for exterior projects, which are surging in popularity. Deck construction is up 275%, and the number of people hiring landscapers and putting up fences has also increased significantly.

A few home improvement projects are “can’t-wait” repairs, such as a leaky roof or a flooded basement. These types of repairs can add up quickly, so it’s important to budget accordingly. It’s also wise to consult a realtor in your area about specific projects that will have the greatest impact on your property value. They can help you avoid costly mistakes that could reduce your property’s resale value. Also be sure to avoid contractors that do not have their name, address, and MHIC license number preprinted on their contract. This is required by Maryland law.