Home improvement, also known as remodeling or renovation, is the process of renovating or making additions to one’s home. This can include changing the interior design, such as painting or replacing furniture, as well as modifying the exterior structure, like adding a porch or landscaping the yard. Home improvements can be done for a variety of reasons, including improving comfort and aesthetics, making the home more energy efficient, or increasing its value by adding rooms or space.

In 2023, a new home improvement trend is expected to be giving the backyard a makeover. A recent survey by Axiom found that 31 percent of respondents plan to work on their yard and landscape this year, while another 25 percent want to remodel or build a deck or patio. These projects may have been prompted by the ongoing pandemic and people’s desire to spend time outside.

Those looking to increase their home’s value should be careful when selecting a project and contractor. Many homeowners over-spend on home improvements hoping to get that money back when they sell, but not all projects add value. In fact, some can even decrease the value of a property.

It is important to select a trusted, licensed professional when performing any home improvement project. When comparing contractors, always consider the quality of their work, the length of time they have been in business, and their reputation. It is also wise to get at least three estimates and compare prices, but don’t base your final decision solely on price.