Home improvement is an ongoing process of upgrading the appearance and function of a home. While whole-home renovations can add the most value, even small improvements can make a big difference.
The top reasons homeowners undertake home improvement projects are fixing existing problems, increasing home value and improving their aesthetic design. With rock-bottom interest rates, home improvement spending is on the rise. The most popular projects involve kitchens, bathrooms and bedrooms.
Changing knobs, pulls and handles on cabinets is an inexpensive do-it-yourself project that can have a huge impact. Adding architectural details like crown molding, baseboards and corbels is another easy way to make a house feel more finished. Adding new switch plates and towel bars is a quick update that will also freshen up the look of a room.
Energy-efficient upgrades are surging in popularity. Replacing old windows and doors with new, more efficient models can save money on heating and cooling bills. Installing a smart thermostat and an energy-efficient water heater can also help reduce monthly expenses.
If you hire a contractor for home improvement work, the contract should include a timeline for when the work will be completed and a payment schedule. It should also contain as many specifics as possible about the work to be performed, including the types or brands of materials to be used. The contract should also include the contractor’s name, address and MHIC license number. It is a misdemeanor in most jurisdictions to perform home improvement work without a license.