Home improvement refers to any type of renovation, remodeling or addition that makes a house more pleasant to live in. These projects are often done for aesthetic reasons, but they also can increase the value of a home. Homeowners may either hire contractors to do the work or they may do it themselves. In the latter case, it’s important to have a comprehensive list of what needs to be done and to compare prices. It’s also crucial to know whether or not the project requires a permit and what inspections are needed.
While it’s true that some renovations add more value than others, a great deal depends on the type of home improvement and how much money you spend. The most common and popular types of home improvements include adding new bathroom fixtures, updating kitchen appliances and renovating the basement.
Other home projects that add value include building a deck, adding a patio or outdoor seating area and refinishing hardwood floors. However, some renovations can actually decrease a home’s value by turning off buyers. For example, a swimming pool is an expensive addition that only adds value if it’s used for entertaining or fitness purposes. In addition, built-in electronics and other features that are customized for the homeowner’s lifestyle can detract from a home’s value by making it less appealing to potential buyers. It’s important to talk to local real estate professionals before starting any home improvement projects to make sure you aren’t wasting your money or doing work that will be a turnoff for future homeowners.