Whether you’re a new homeowner or a long-term resident, there are always opportunities to upgrade your home. Adding new fixtures, painting rooms and renovating bathrooms are common projects that can boost your home’s value. Some are relatively affordable and can be done on your own. Others, like adding an extra bedroom or bathroom, can be expensive and require professional help. It’s important to choose wisely, plan carefully and consider how the work will impact your resale value.
A good place to start is by performing basic maintenance and staying on top of home repairs. This will keep your house in great condition and prevent small issues from becoming big problems. In addition, it’s also a smart idea to shop around for services and contractors before choosing one. Look for a company with a good reputation, licensing and insurance. Also, don’t be afraid to ask for references and read online reviews.
Home improvement has seen excellent growth results in recent years, especially during the COVID-19 pandemic. However, the industry’s revenue is predicted to decline in 2024 due to housing market issues, labor shortages and rising prices for materials and supplies.
Despite the current economic climate, many homeowners are still planning home improvements. Most of the planned upgrades are not aimed at increasing the resale value of their homes. Instead, most homeowners want to make their houses more comfortable and enjoyable places to live. Some of the most popular projects include replacing dated fixtures, updating the kitchen and adding a master suite.