Home improvement is the repair, renovation, restoration or improvement of residential real property such as a house, apartment or condominium. It includes activities such as repairing or replacing electrical wiring, plumbing systems, flooring, roofs, heating and cooling systems and more.
It is not uncommon for homeowners to renovate their homes as a way of adding value and creating a more pleasant living environment. Often, these improvements also add functionality to the property. In the United States, there has been a long tradition of homeownership and DIY projects. This was largely encouraged after World War II, with government mortgage insurance programs and the development of suburban housing.
While a number of factors influence the resale value of a home, some projects are more likely to increase your home’s resale value than others. For example, if you’re looking to sell your home soon, you may want to focus on projects that will appeal to the widest range of buyers. Alternatively, if you’re planning to retire in your home, you might prefer to invest in projects that will make your life more comfortable.
The types of home improvements that are surging most include outdoor work, like putting in a deck or a fence, as well as interior upgrades. When choosing contractors to perform home improvements, be sure to compare prices as well as experience and reputation. Before hiring anyone, ask for references and check with the Better Business Bureau. It’s also a good idea to walk around your neighborhood to see what other home owners have done to their properties.