Home improvement is the repairing, renovating, altering, converting or adding to the structure and/or equipment of a home. It also includes the improvement of the grounds around the home, such as the garden, driveway, and sidewalks. Home improvements can add beauty, functionality and value to your home. They can also increase your home’s energy efficiency, make it safer and more secure, or simply make it more enjoyable to live in. However, not all home improvements are equal. Some have a much higher return on investment (ROI) than others, and it is important to choose wisely.
The Home improvement industry has experienced solid growth results in recent years. This sector encompasses the sale of building materials, appliances and decor, along with contractors and tradespeople that help consumers repair or improve their homes.
There are a number of ways to improve your home, including replacing kitchen or bathroom fixtures, upgrading windows, repairing drywall or painting. If you’re thinking about selling your house in the future, a few smart home improvements can add curb appeal and boost your resale value.
According to a 2022 survey, 65% of homeowners who sold their home within the past two years made at least one home improvement project prior to listing. And while some projects are more lucrative than others, a few high-value upgrades can make your home more attractive to potential buyers.
Whole-house renovations can be expensive, but they don’t have to eat up your entire savings or leave you in debt for years. With a little bit of creativity and a DIY attitude, you can tackle a few low cost, high-value projects that will boost your home’s value.
The best home improvement investments are the ones that improve your quality of life while you’re living there. So if you’re in need of some major fixes, consider how the project will impact your daily routine before jumping into it. For example, fixing leaky faucets and updating old cabinet hardware will have a big impact on your home’s aesthetic without breaking the bank.
It’s also a good idea to prioritize the most urgent home improvements, such as sealing drafts and replacing air filters. Neglected maintenance tasks can be discovered quickly by a prospective buyer’s home inspector and may result in costly repairs or even structural damage. Other inexpensive, high-impact home improvements include painting the front door, installing new doorknobs and cleaning out rain gutters. These simple, easy and affordable fixes are sure to impress future buyers and can help you avoid costly repairs later on.