Home improvement can be a daunting task. Whether you’re an accomplished DIY-er or not, it takes time and money to upgrade your home. However, there are many ways you can boost your house’s value and make it more comfortable.
From a fresh coat of paint to a new deck, there are plenty of projects that can make your home feel more welcoming and appealing. But not all renovations are created equal, so it’s important to research which home improvements will have the greatest return on investment.
Even in unsettling times like the coronavirus pandemic, homeowners continue to invest in their homes. According to the NerdWallet survey, most renovations are driven by a desire for extra space and comfort. A third of the homeowners who renovated their home during this time reported that they wanted to create an additional bedroom or bathroom.
Other reasons for upgrading your home may include the desire to improve energy efficiency. Installing new windows and a heat pump, for example, can reduce your utility costs over time. This can also appeal to future buyers.
As a homeowner, it’s important to know what projects will increase your home’s value and which ones are better left to the professionals. Many states and localities require contractors and subcontractors who perform home improvements to be licensed. Failure to do so can result in criminal and civil penalties. In addition, a license will provide you with peace of mind that your contractor is reliable and will stand by their work.