Home improvement is the renovation, repair, and upgrade of residential real property. This industry encompasses the sale of building materials, appliances, decor, and other products to enhance the appearance of a house or apartment. It also includes the services of contractors, tradespeople, and other workers to perform improvements or repairs.
Homeowners plan projects large and small to improve their living space and boost resale value. Some of the most popular projects include a kitchen remodel, bathroom update, and bedroom renovation. However, it’s important to understand that not all projects will deliver a return on investment. In fact, some projects may even decrease your home’s value.
To avoid losing money on a project, consider speaking with a realtor in your area about which projects to do and which ones to skip. A local realtor can help you identify specific renovations that will boost your home’s value and appeal to buyers.
Before hiring a contractor to complete a home improvement project, it’s best to get all estimates in writing. The contract should contain a description of the work to be performed and the materials to be used, including brand names and models where possible. It should also include a payment schedule and approximate dates when the work will begin and be substantially completed. It’s also recommended that you check the contractor’s license and insurance and request business references. Lastly, it’s a good idea to compare prices among several contractors before making your final decision.