The home improvement industry, which encompasses the sale of building materials and appliances and the services of contractors, tradespeople and laborers who perform renovation and remodeling projects, has achieved excellent growth results in recent years. The market is driven by the desire of consumers to improve, add new features to, and upgrade their homes.
Television schedules are stuffed to the brim with shows such as Fixer Upper and This Old House, but it’s one thing to watch a show and another to actually undertake a project yourself. Before you pick up a hammer, it’s worth considering which renovations will really increase your home’s value and which ones are best left to the professionals.
It’s also important to plan how you will finance your project. Putting any home improvements on credit cards or taking out a loan can quickly turn a dream into a nightmare if you aren’t careful, so try to save up cash for these expensive endeavors.
When hiring a contractor for home improvement, never make price your sole consideration. You may receive estimates for the same project that vary widely, and you should always compare prices, reputations and accreditations before choosing a contractor. New York law requires that all contracts for home improvement work have a payment schedule and be in writing before any money is paid.
It’s also a good idea to consult with an interior designer before you begin your project. They can often provide you with valuable ideas that will help you avoid costly design mistakes. Many realtors will offer this service as a courtesy, but you can also hire them for an hourly fee.