Home improvement is a popular hobby that can enhance your living space. The benefits of home renovation can include a higher property value and increased satisfaction in your residence. However, homeowners should consider how their improvements will affect resale before beginning any projects.
Resale and Joy Scores
Homeowners should balance cost recovery with their own enjoyment of the house, but it is important to prioritize resale value when choosing projects. High-end upgrades such as marble bathrooms or a gourmet kitchen may not appeal to buyers. On the other hand, midrange improvements such as painting, replacing vanities, and laying new tile can make your home more livable for less.
Many homeowners rely on television shows such as Bob Vila’s This Old House and other DIY programming to inspire their project choices. The popularity of these programs has helped to expand the home improvement industry and increase homeowner interest in DIY projects.
A number of home improvement trends have emerged in recent years, including a focus on energy efficiency. Low gas prices and a growing awareness of environmental issues have made the improvement of heating and cooling systems, insulation, and windows a priority.
Some homeowners may also spend more on outdoor improvements. Deck construction is up nearly threefold, and the number of homeowners putting up fences has jumped 148% this year, according to Anderson. However, if you want to make your yard into an outdoor oasis, it is important to consult a professional landscaper to ensure the project is completed correctly. Always hire licensed contractors — they are required to have their name, address, and MHIC license number preprinted on their contracts in New York State.