Home improvement projects add value to the house and can boost your property’s value. Some examples of home improvements are a new roof and siding, new driveway, insulation in the attic, built-in appliances, and more. Many of these improvements are tax deductible. Some, however, are only deductible in the year in which the home is sold.

A recent survey conducted by Axiom found that most homeowners plan to spend time improving their home in the first half of 2021. Of those surveyed, 40 percent plan to start a project during the month of March and a quarter will do so during the first two months. A total of 85 percent of homeowners plan to perform some home improvements by the end of 2021. The survey also revealed that a majority of those aged 19 to 55 are planning to DIY a project. A few percent, however, aren’t planning to undertake a project at all.

There are many types of home improvement projects that you can complete yourself. Some projects are small and affordable, while others can take a great deal of time and money. Some are more expensive than others, and may require a loan to pay for them. Fortunately, there are several types of home improvement loans to choose from, including those for structural damage, room remodels, energy efficiency upgrades, and accessibility improvements.

Before you hire a contractor, take the time to check their credentials. Make sure they are licensed in the city and state in which you live. You can also ask friends and neighbors about their experiences.