Home improvement is any activity undertaken to improve the function or appearance of a home. This includes maintenance, repairs, remodeling, and additions. Home improvements can also include the construction or repair of decks, fences, porches, and driveways. The term can also refer to a specific project such as painting or remodeling a kitchen, bathroom, or bedroom.
Home renovations and upgrades can have a positive effect on the value of your home. However, it is important to consider your goals and how long you plan on staying in your current home when selecting what projects to undertake. It’s also important to stay within your budget and avoid going into debt when undertaking a home improvement project.
The most common home improvements are done to increase functionality and comfort. This can be done by installing a new kitchen or bathroom, adding energy-efficient appliances, replacing worn doorknobs or removing dated wallpaper. Other popular projects include adding a patio or deck, landscaping, or repainting the exterior of your house.
Homeowners have developed a renewed interest in renovating their homes throughout the COVID-19 pandemic. The National Association of Realtors (NAR) revealed that homeowners have been renovating their homes more frequently than in previous years, and they’ve found increased satisfaction with their upgrades. But, as the housing market remains uncertain, it’s important to prioritize high-impact and high-ROI projects to ensure you’re getting your money’s worth when upgrading your home. It’s also a good idea to consult with a real estate agent before making any major changes if you’re planning on selling your home soon.