Home improvement is a broad term that refers to renovation, remodeling, repairing, or improving residential and noncommercial properties. The industry includes the sale of materials and accessories, construction services, and labor. The main goal of home improvement is to make a home more comfortable, functional, and aesthetically pleasing. Home improvements are often done to increase a home’s market value or to prepare it for resale.
While a new bathroom or kitchen can boost the value of a home, not all projects are created equal. It’s important to prioritize and decide what improvements will best suit the needs of your family before committing any money to a project. For example, a luxury outdoor living space may add value to your home but is probably not a good fit for your family. Before you start comparing prices for pool contractors or hiring an interior designer, consult with your realtor and building contractor to see how the work you’re planning will impact your home’s value.
Home improvement is a popular pastime for many and a great way to increase the enjoyment of your property. It also adds to the overall quality of your home and may even make it safer or healthier to live in. The term “home improvement” can be misleading, as there is a lot of variation between DIY projects and professional ones. For instance, a simple repair may be tax-deductible but a major kitchen remodel likely will not. Whether you’re watching This Old House or Fixer Upper, you can learn from the experts to get ideas for your next home improvement project.