Home improvement refers to any type of remodeling or renovation that improves the functionality and/or appearance of a residence. It is typically considered an investment, allowing homeowners to increase their property value and make the house more comfortable and attractive. It also helps with maintenance and upkeep, reducing utility costs over time. Home improvements often have a positive impact on the surrounding neighborhood as well, raising property values and encouraging new business opportunities.
Regardless of the economic climate, people are always looking for ways to improve their homes. According to the National Association of Home Builders, home improvement spending is up. The categories showing the highest increases are landscaping, deck construction and fence construction installation. However, high-dollar projects such as kitchen or bathroom remodels aren’t feasible for everyone.
A small accent such as a new mailbox, house numbers or outdoor lighting can add a big splash to your home’s curb appeal. Mix-and-match accessories allow you to create a personalized aesthetic and keep things affordable.
Licensed contractors are available to perform many types of home improvement work. Owners are advised to research potential contractors thoroughly before hiring and to get estimates from a variety of companies. It is recommended that a written contract be prepared, including a detailed description of the work to be performed, a payment schedule and any warranties offered. The contractor should be required to provide an initial deposit of not more than 1/3 of the contract price and withhold final payment until all work has been completed and any necessary inspections and certificates of occupancy have been issued.