Home Improvement – Adding Value to Your Home

Home improvement refers to the renovation of residential property. This industry encompasses the sale of building materials, appliances, decor and the services of contractors, plumbers, electricians and other tradespeople who help to improve a house. It also includes the work done by DIYers. In recent years, this market has achieved excellent growth results.

Many people renovate their homes with an eye to increasing the value of their property when they decide to sell it. However, it is important to remember that your own comfort and enjoyment of your home should be a priority when planning upgrades. If you renovate solely based on what will make your home more appealing to potential buyers, you may end up with a house that feels like a showplace but doesn’t feel like a place you can truly call home.

When selecting improvements, it is also a good idea to choose durable materials that are within your budget. High-end upgrades can be more attractive, but they may not add as much to your resale value, and they can become dated very quickly. It is best to stick with midrange options that will appeal to a wide range of buyers.

Some of the most popular home improvement projects include adding bedrooms and bathrooms, upgrading kitchens and replacing garage doors. These types of projects typically provide a return on investment of between 75% and 95%. Other less costly projects that can add value to your home include installing energy-efficient windows and improving the exterior of your property by staining or painting.

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