Home improvement is the process of renovating a home to make it more pleasant and functional. It can also increase the value of a home. Some of the most popular projects include painting, putting in new flooring, adding an extra bedroom or bathroom, and refinishing hardwood floors.

During the COVID-19 pandemic, home improvements surged as people stayed inside their homes and engaged in do-it-yourself renovations. According to the National Association of Realtors (NAR), most homeowners who were planning to do a project during this two-year period didn’t say they were doing it to appeal to potential buyers—instead, they cited reasons like improving functionality (54%) and enjoying their upgraded home (69%).

Remodeling projects are expected to decline slightly in 2024 as labor and materials prices rise and homeowners continue to face financial challenges. But, if you’re smart about the work you do and have a plan in place before beginning, home improvements can pay off.

NAR reports that the seven home remodeling projects that nationally deliver the highest return on investment are a fresh coat of paint, adding energy-efficient windows, converting a basement into an extra bedroom or living space, installing a new roof, replacing an outdated kitchen, and putting in a deck or fence. These house improvements can make a big difference in your home’s value and how you feel about it. When in doubt, consult a RamseyTrusted real estate agent who can help you decide which improvements will add value to your property and give you the best bang for your buck if you choose to sell.