Home improvement, also known as home renovation or remodeling, is a great way to make your house into a more functional and comfortable space. It can involve a wide range of projects, from a kitchen or bathroom upgrade to installing an addition or new driveway. It can also include improvements to outdoor structures, such as a deck or patio. Homeowners renovate their homes for many reasons, including increasing the value of their property or making the most of their living space. However, it is important to consider the return on investment before starting a project. Some home improvements have a high ROI, while others offer a lower one.
According to Houzz, the most popular home improvements include adding a master suite, upgrading bathrooms and putting in an addition. These projects increase the number of livable square feet in a home, which is a major factor when determining its value and price. However, homeowners should carefully consider their options before undertaking a costly and time-consuming project. It is also a good idea to consult with real estate professionals before beginning any work, as they can provide valuable insights and tips on how to make the most of your project.
Other popular projects include hiring landscapers, constructing decks and putting in fences. These enhancements are often less expensive and can add value to a home. While these projects are not always the most profitable, they are a good way to improve a home’s exterior and increase its curb appeal. It is also a good idea to choose a contractor that is licensed and insured. This will ensure that any work performed is done to industry standards.