The Home Improvement Industry

Home improvement encompasses a wide range of projects and tasks that homeowners undertake to make their living spaces more comfortable, attractive, functional, or valuable. This industry also includes the sale of building materials, appliances and decor, as well as the services of contractors and other workers to carry out the improvements.

Home renovations have long been a popular way for homeowners to add value to their property, as well as improve their quality of life. The popularity of home improvement television shows, like the iconic This Old House and Fixer Upper, has helped fuel a growing interest in DIY (do-it-yourself) remodeling. As a result, many consumers feel they can save money and time by undertaking their own home improvement projects.

Some of the most popular home improvement projects include kitchen renovations, bathroom upgrades and attic or basement remodels. However, it is important to consider the resale value of any renovation before starting work. It is also a good idea to consult with a real estate agent before making any major home improvements.

Homeowners are primarily motivated to carry out home improvement projects for a number of reasons, including improving their quality of life, adding value to the property and increasing the aesthetic appeal of their homes. According to a recent study, the most common obstacles that prevent homeowners from accomplishing their 2022 home improvement plans include cost (52%), timing (47%), availability of materials and resources (39%), disruptions to daily routines (32%), and difficulty finding available professionals (30%).