Home improvement is a term used to describe a variety of projects that help people improve the exterior and interior of their homes. These projects are also referred to as home renovations or remodeling. They are a great way to add value to your property and enhance its appearance. Depending on your tastes and budget, you can choose to make your home more comfortable and livable, or add a whole new level of functionality.

Before hiring a home improvement contractor, make sure you get a written contract with all the details. This includes the estimated time of completion, payment schedule, and project details. You should also check that the contractor has the proper insurance and references. Some homeowners also opt for aggregator websites, which bundle several home improvement service providers under one roof.

These companies offer high quality products and services to help people complete their home renovation projects. They also offer the know-how needed to make these projects a success. Some stores even function as one-stop shops for all things house-related. These stores also influence new home design trends. They also offer low-cost products that can make life easier for customers.

The home improvement industry generates $400 billion in revenue a year, and is expected to reach $510 billion by 2024. Both professional remodeling and do-it-yourself projects are booming, with spending increasing at 4% annually. Another factor that contributes to the increase in home improvement spending is that home equity is growing, meaning it’s more affordable to spend on remodeling and repairs.