Home improvement is a broad category of repairs, remodels and renovations that can be done to improve the appearance or functionality of a home. It can be as simple as re-grouting tile or painting as elaborate as adding a new bathroom. The smallest projects can have the greatest impact when it comes to adding value to your home.
The most popular home improvements include kitchens, bathrooms and family rooms. These upgrades add living space and increase the chances of selling the home in the future. However, the return on these investments can vary greatly. It is important to understand the difference between adding value and recouping costs.
While high-end amenities like marble countertops and stainless steel appliances may impress buyers, they won’t necessarily increase a home’s resale value. In addition, home improvements should be consistent with neighborhood values and appeal to a wide range of potential buyers.
Remodeling projects that are cost effective and easy to execute will also increase a home’s resale potential. Projects that are energy efficient, for example, can lower a homeowner’s utility bills and save money. Other easy to implement, low cost home improvements include replacing worn doorknobs and repairing sidewalk cracks.
Homeowners should research local contractors to find those with experience and a good reputation. A home remodeling company should provide a written contract that includes the contractor’s name, address and MHIC license number. It should also contain a statement that the work will be performed in accordance with the applicable building codes and regulations.