Home Improvement Adds Value to Your Home

Home improvement involves anything that changes the way a house looks or functions. It includes both small projects, such as painting a room, and large ones like adding a new kitchen or bathroom. Home improvement can be expensive, but it also can add a great deal of value to the home.

In the United States, home improvements are one of the most popular forms of consumer spending. According to the National Association of Realtors, home buyers in 2012 spent an average of $3,890 on remodeling and renovation projects. Moreover, home improvement sales have increased in recent years, despite higher interest rates and the overall economy.

The popularity of DIY TV shows, such as This Old House and Fixer Upper, has contributed to the growth of the home improvement industry. It has also encouraged many homeowners to try their hand at remodeling projects themselves. However, it is important to remember that home improvements are not always easy and should be done by professionals.

If you’re considering a major home improvement project, be sure to speak with your real estate agent before proceeding. They can tell you what projects are likely to add value to your home and which aren’t worth the expense. They may also be able to point you in the direction of low cost home improvement projects that will still add significant value to your home.

When hiring contractors to perform a home improvement job, it is a good idea to write down what work you want done. Having a detailed list will help you negotiate with contractors and lock in firm prices. It will also help you avoid uninformed contractors who may suggest extra work that isn’t necessary. Moreover, it will also help you ferret out unscrupulous contractors who might try to overcharge you.

There are a number of different types of home improvement projects that can be undertaken, including re-grouting tile, repainting your exterior, and power washing the siding. These are just a few of the many ways that you can add value to your home without going into debt or ransacking your savings. If you’re thinking of selling your home in the future, it might be a good idea to consult with a real estate agent about what improvements will add the most value.

The categories that are surging the most in home improvement right now have to do with work outside the home, primarily deck construction and fence building. These projects are a sign that people are staying put and focusing on making their current homes more comfortable, rather than looking to move to a new house. High home prices and a limited supply of available homes for sale have made home improvements more attractive.