Home improvement is any renovation or addition that enhances a property’s function, comfort, or value. Some common home improvements include installing a new roof, painting, adding landscaping elements, and upgrading the kitchen or bathroom. Home improvement can also be used to make a property more energy efficient or to increase the security of a dwelling.
The popularity of DIY shows has made many people think they can save money by doing their own home improvements, but hiring a professional may be a wiser choice. A qualified contractor can help ensure the project is completed correctly and complies with all local codes and regulations. Additionally, contractors can offer warranties for their work and materials.
According to Anderson, the categories of home improvements surging the most are those that add outdoor living space, such as decks and patios, as well as upgrades to exterior finishes like siding and trim. Another category that’s increasing is protecting homes from extreme weather conditions, such as adding stronger windows and better insulation. With recent hurricanes, floods, and wildfires making headlines, this trend is likely to continue.
Other popular projects that can improve a house’s resale value include adding an extra bedroom or bathroom, renovating the kitchen or bath, and finishing the basement. But, if you’re considering selling your home in the near future, be careful not to go overboard with high-end upgrades. Those extras won’t always be attractive to potential buyers, and they can detract from the home’s overall value.