The number of homeowners taking on home improvement projects increased in the first half of 2021, according to a recent survey. This includes a variety of activities, from minor changes to major renovations. And while many respondents are planning to do their own work, others are planning to hire a professional.
The Axiom survey, a Minneapolis marketing firm, asked consumers about their recent projects and their plans for the coming year. Most respondents reported that they planned to spend more time working on their homes in the coming months than they did in the previous year. Some also said they were planning more complex projects.
Major vendors are competing to win customers with competitive pricing, omni-retail strategies, and premiumization. In addition, new players have entered the market and increased the competition.
When choosing a contractor, it’s important to look into their references and licensing, and to make sure their insurance coverage and insurance claims are up to par. It’s also a good idea to check for the contractor’s reputation with consumer associations like the Better Business Bureau and Consumer Affairs.
Home improvements can enhance the look and feel of your home, and they can make it safer and more energy efficient. However, the cost of renovations can run into thousands of dollars. To help manage costs, it’s a good idea to keep a budget in mind. You might also be able to obtain a home equity loan to help finance your project.
Another option is a home improvement credit card. Many offer introductory 0% APR periods that don’t carry any interest for the entire year. These cards can be used for a range of things, including remodeling, painting, and purchasing appliances. As with other loans, be sure to choose a credit card that fits your needs and has a competitive APR.
The Axiom survey also showed that the average number of people working on home improvement projects increased, with a record-high 275% jump in deck construction from March to July. Other improvements in high demand include landscaping, which rose 238%.
A new front door, for example, is a simple and affordable way to improve the appearance of your home. Remodeling and updating bathrooms can add comfort and enjoyment to your life. Also, a kitchen island can give you more counter space and food storage.
While home improvement projects are a fun and rewarding way to increase the value of your home, it’s not a decision you should make without some careful thought. Keep in mind that you may not be able to sell your house if you make improvements that don’t boost its resale value. For instance, a potential buyer might not be willing to pay for marble floors in the bathroom. But a more practical upgrade, such as installing energy-efficient appliances and a re-siding, can help you improve your quality of life.
Whether you plan to do your own work or hire a professional, it’s important to create a detailed plan for your home renovation. Making notes about the types of improvements you’ll need and the price range for each will make it easier to create a realistic budget.