Home improvement is a popular pastime for many homeowners. Whether it’s a simple coat of paint, or an entire home remodel, the ideas are endless. But before you start tearing out walls, it’s important to do your research on what projects will add value to your home and what might not.
Some common home improvement projects include a fresh coat of paint, replacing outdated fixtures and appliances, upgrading your heating, ventilation and air conditioning systems (HVAC), and adding curb appeal with landscaping or a patio. According to Houzz, new home buyers spend up to $30,000 on improvements, while those who bought their homes one to five years ago spent $19,000 on average.
Regardless of the size or scope of your project, it’s essential to find a licensed and insured contractor. A professional can help you avoid costly mistakes and provide expert advice on the best options for your home. Before hiring a company, ask to see proof of licensing and insurance, and get references from past clients. You can also check with local government agencies to verify a contractor’s license and insurance.
Some upgrades will decrease the resale value of your home, and others may not add any value at all. For example, a hot tub or fountain in your yard might not appeal to future buyers, and could even detract from the overall look of your property. Always talk to a real estate agent before making any major changes, and be sure to consider your neighbors.