Home improvement, also called house maintenance or home renovation, is the process of remodeling and repairs done to a residence. This may include kitchens, bathrooms, bedrooms, and more. It can be a DIY project, but it is usually best to hire professionals for jobs such as wiring, installing heat systems, and cutting through walls. Many homeowners choose to renovate their homes in order to increase the value and comfort of the property. Home improvements can have positive effects on the neighborhood and community as well, raising standards and attracting home buyers.
Home renovation projects have been surging since the pandemic, according to Harvard University’s Joint Center for Housing Studies. Homeowners have cited increased satisfaction with their homes, lower interest rates, and the desire to add functionality.
While some projects are purely cosmetic, such as painting your living room or replacing worn carpet, others have the potential to boost your home’s resale value significantly. For example, a kitchen remodel is generally considered one of the best investments you can make in your home. The return on investment is generally between 60% and 70%, with higher returns for interior projects than exterior.
Popular home shows such as Fixer Upper and This Old House have boosted the popularity of DIY projects. But it’s important to remember that a lack of experience and knowledge can lead to costly mistakes. Before you pick up that sledgehammer, consider these helpful tips and resources: