Home improvement is a massive industry, encompassing the sale of building materials, appliances, decor and other items, as well as contractors and tradespeople who help build or improve homes. Its growth has been strong in recent years, especially during the COVID-19 pandemic. But, like all industries, its future is uncertain.

While many major projects are on hold while households watch their finances, some smaller projects continue to thrive. For example, kitchen and bathroom remodels continue to generate the highest revenue for companies such as Lowe’s and Home Depot. In addition, DIYers have a lot of appetite for lower-cost fixes that can be completed without bringing in professionals. These improvements include replacing worn doorknobs, repairing cracked sidewalks and cleaning out rain gutters.

When considering what home improvement projects to undertake, homeowners should keep the long-term in mind, particularly if they plan on selling their property soon. “You want to make sure the renovations you do are going to add value and better your day-to-day experience in your current home,” Walczak says. He recommends focusing on high-impact and high-ROI upgrades, such as upgrading a kitchen or adding a master bathroom.

Moreover, certain projects can add value and improve the functionality of a property while also qualifying for tax credits. For instance, removing steps and adding grab bars in bathrooms can qualify as an accessibility upgrade, which is eligible for an income tax credit. Likewise, grading the ground in your yard can improve accessibility and reduce erosion.