Home improvement is an ongoing activity that can add value to your property. Whether you are upgrading your kitchen, adding a garage or renovating a bathroom, it is important to select a reliable contractor who will get the job done right. Be sure to check for a license and insurance, business references and an accreditation by a professional organization when choosing your contractor.
According to a recent survey by a real estate website, the most valuable home improvements include adding a deck or patio, finishing a basement and replacing the front door. Other popular projects to increase the curb appeal of your house are painting, installing new flooring and trimming trees. Homeowners should consult a local Realtor to determine which renovations will add the most value to their property.
In the past, many homeowners chose to hire contractors to complete their home improvement projects. However, some of the most common home improvements are now being done by the homeowner themselves using self-help guides and videos available on the internet. This shift in the DIY market has caused some of the largest home improvement retailers to refocus their advertising efforts toward these customers.
Despite the current housing market issues that have resulted in stalled home sales and mortgage refinancing, Americans are still remodeling their homes. According to a recent report by JCHS, the home renovation industry reached its peak during 2022 and is expected to decrease in 2024. Regardless of the housing market, most homeowners continue to find satisfaction in making their home better and more comfortable.