Home improvement involves repairing, remodeling, altering or improving a property. It includes projects such as a new kitchen, bathroom, or outdoor space.
Home improvements can be a good way to improve the look of your home, or fix safety issues that may have gotten worse over time. But before you begin a home renovation project, it’s important to know what is and isn’t worth spending your money on.
Getting Started
Before you hire a contractor, make a list of the work you want done and what you’re willing to spend on it. This will help you compare prices and negotiate with contractors for the best deals.
Choosing the Right Contractor
You’ll want to choose a contractor who is licensed in your area, and has the experience to do the job. You should also check out their references and ask friends or neighbors if they were satisfied with the work.
Having a Written Contract
Before signing any home improvement contract, make sure the terms are clear and that you are completely satisfied with the work performed. The contract should include a description of the project, the materials to be used, dates for performance and payment terms.
According to the 2021 American Housing Survey, Americans spent $624 billion on home improvements during a two-year period from 2019-2021. That’s an increase of about $100 billion over the previous survey period, based on current inflation.