Home improvement, also known as home renovation or remodeling, is the process of renovating or making additions to one’s home. Home improvements can be carried out for a variety of reasons; including improving comfort, enhancing aesthetics, or adding function to the home.
Home improvements can be expensive, and homeowners should consider the return on investment before starting any project. However, it is important to note that not all projects add value to the home, and some may actually decrease its resale value. Fortunately, there are ways to improve your home without breaking the bank.
Whether you’re planning to put your home on the market in the near future or you simply want to make it more enjoyable to live in, there are many home improvement projects that can increase its value and curb appeal. From painting to re-grouting tile, these do-it-yourself projects will increase your home’s value and help you get more enjoyment out of your living space.
When choosing a contractor for your home improvement project, be sure to check their license and insurance before hiring them. You can also ask for references and look at their past work to ensure they are reputable. You should also hire contractors who are members of a reputable trade association and are accredited by a professional organization. This will give you peace of mind that they have the experience and expertise to complete your project correctly.
The best home improvement projects will add both style and functionality to your home. Creating a master suite, upgrading your kitchen’s appliances, or adding a deck to your backyard are all great ways to increase the value of your home. If you’re unsure which projects will be the most beneficial to your home, consult with a real estate agent or other industry professionals.
Depending on the type of home improvement, you may be able to claim it on your taxes. For example, if you’re installing an energy-efficient heating and cooling system, you can usually claim up to $300. However, be sure to consult with a tax expert to determine which home improvements qualify for deductions.
In general, renovations that are necessary for safety or health will increase a home’s value more than cosmetic updates. For example, replacing old windows with new energy-efficient models is a good way to save money on your utility bills and reduce the risk of air leaks.
A bathroom remodel is another common and relatively inexpensive home improvement that can increase the resale value of your home. Replacing an outdated bathtub with a walk-in shower is an affordable way to update your bathroom. Similarly, installing a smart thermostat can help you save money on your energy bills and monitor your home’s temperature remotely. These types of upgrades are often eligible for a federal tax credit, which can help offset their cost.
