Home improvement includes a wide range of projects, including repairing drywall, painting, installing flooring and appliances, landscaping and many others. This industry is expected to continue growing in the future as the demand for home repairs and remodeling increases.
One of the most important aspects of choosing a contractor for a home improvement project is to be sure they have proper licensing and insurance coverage. It is also a good idea to ask for references, and to only hire contractors who are members of a professional organization or who have been accredited by a third-party. There is a large ‘grey market’ of unlicensed companies, so consumers are strongly recommended to avoid them.
According to the American Housing Survey, homeowners are spending a lot on home improvements. Those 55 and older are the primary force behind this, but other reasons include rising home prices that lead to increased equity and the fact that some projects just can’t be put off like a leaky roof or a flooded basement.
A few of the most common ways to add value to a home are to install energy-efficient appliances, upgrade the bathroom or kitchen and do yard and landscape work. Adding an extra room is another great way to increase function and value, but this can be expensive.
Homeowners should consider carefully the impact of a home improvement project on its resale value before beginning any work. Some projects may decrease a house’s value if they are too personalized or do not fit the style of other homes in the neighborhood. It is a good idea to settle on projects that will appeal to the majority of potential buyers.