Home Improvement and Your Home’s Value

Home improvement is a broad term that encompasses a variety of projects, from painting and refinishing floors to installing new cabinets and countertops. These projects can be expensive and time-consuming, but they can also add significant value to your home. A successful home improvement project requires careful planning, proper execution, and a budget that includes both the costs of materials and labor. Homeowners should seek professional advice from a licensed and insured contractor before beginning any project. A reliable aggregator can help homeowners find local contractors and get estimates on the cost of a particular job.

Homeowners are increasingly remodeling their homes, even during the pandemic, which has shifted people’s priorities away from travel and spending money on luxuries like vacations. Instead, they are focusing on making their homes more comfortable and functional for the family that lives there.

But the desire to remodel can be costly, and some projects don’t provide a good return on investment. Whether you’re upgrading your bathroom, fixing your roof, or putting in a backyard deck, it’s important to consider how these improvements will affect your home’s value — both when you decide to sell it and when you’re living in the home yourself.

The most popular home improvement projects include sparkling bathroom overhauls, basement and kitchen renovations, adding a smart thermostat, and caulking and weather stripping around doors and windows. But many of these projects may not provide a high return on investment, according to the latest report from Contractor Growth Network and Zonda Media.