Home improvement is the process of renovating or repairing a residential or non-commercial property. This includes projects like adding a pool or deck, painting, flooring or carpeting and other interior upgrades. It also encompasses exterior improvements such as replacing roofs, driveways, sidewalks or patios. It can also include landscaping, gardening or installing solar panels.

Before embarking on any major home renovation project, it’s important to determine your budget and schedule. Make sure to factor in the cost of materials, contractor fees and permits. You should also consider how long the project will take to complete and what the weather might impact. It’s a good idea to get estimates from several contractors before making a decision. You should also read online reviews and check with your local consumer protection agency before hiring anyone.

Many homeowners choose to undertake home improvement projects to add value to their homes or increase their enjoyment of them. However, it’s essential to prioritize the importance of your home’s functionality and decide which upgrades are necessary vs. nice-to-have. For example, building a new room addition may be essential for expanding your family’s living space, while replacing your carpet with hardwood floors might not add much value to your home.

Home remodeling projects can be costly, but there are ways to reduce the costs. One option is to apply for a home improvement loan, which typically has a lower credit requirement than a personal loan and doesn’t require an appraisal. To qualify for a home improvement loan, it’s helpful to pre-qualify before applying and gather relevant documents, such as pay stubs or tax returns.