Surging Categories of Home Improvement

Home improvement is a popular pastime for many homeowners. The popularity of DIY shows and the availability of low-cost supplies have made it easier for people to renovate their homes and add value to them at the same time. Homeowners have also benefited from rock-bottom interest rates, making home improvement projects even more attractive. However, homeowners should be careful about which projects they choose to make. Not all improvements will increase a home’s resale value, and some can even detract from it.

Some popular home improvement projects include sparkling bathroom overhauls, basement remodels and kitchen upgrades. While these upgrades can be a great way to improve your living space, they aren’t always the best investments. The average homeowner only gets a 60% return on these expensive renovations, according to the Cost vs. Value report published by Remodeling Magazine.

While it’s important to spend your money wisely, you should also focus on the things that you enjoy about your home and will add value in the long run. A fresh coat of paint, new appliances and updated lighting are some great ways to make your home feel more modern and appealing. Additionally, projects that increase your home’s energy efficiency can also be a good investment.

The surging categories of home improvement that are growing the fastest have to do with work that’s done outdoors, including adding and repairing outdoor features. Deck construction is up almost threefold, while hiring landscapers and putting up fences have also spiked. Anderson says this is likely due to the unsettling nature of recent events, which has led to people feeling safer in their own homes.

In addition to boosting the appeal of your home, these types of projects can help you save money on utility bills. Replacing old doors and windows, installing smart thermostats and improving your home’s insulation can all have a positive impact on your wallet.

A good rule of thumb when it comes to choosing a home remodeling contractor is to find one with membership in a reputable trade association and business references. Additionally, homeowners should check if they qualify for government programs that may help them afford their home improvement project. For example, some states offer tax breaks for certain renovations if you’re a veteran or live in a rural area.

Remember to select a contractor that is licensed and insured, and avoid using online aggregators or classified ads. These sites often have unlicensed and shady contractors who will try to overcharge you. Also, be sure to compare prices with several contractors before deciding which to hire. You should never be pressured into signing a contract and paying upfront fees for a home improvement project. Always get a written estimate before hiring any contractor to work on your home. This will protect you from being scammed and ensure that all work is completed to your satisfaction. Lastly, be sure to discuss your plans with a real estate professional before starting any home improvement project. They can help you determine which renovations will be most beneficial for resale and which ones will not add value to your home.

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