Home improvement is a common part of homeownership. It’s a way to maintain and enhance the comfort of your house, but it’s also important for increasing the resale value of your property, in case you ever decide to sell. Some home improvement projects, such as electrical repairs or a roof leak, are things that can’t be put off.

Other projects, however, can be more cost effective and still offer a high return on investment. A fresh coat of paint, for example, can make any room look new and improve the overall appearance of your home. Installing energy-efficient home appliances, a smart thermostat and more can help you save money in the long run and also add value to your house.

The pandemic has prompted many homeowners to renovate their homes, but it’s not the only reason. The National Association of Realtors (NAR) 2022 Remodeling Impact Report found that 84% of surveyed homeowners said they upgraded their homes for personal satisfaction.

A big part of the success of any home improvement project is sticking to your budget. Whether it’s a minor repainting or a complete kitchen renovation, you need to know how much you can afford and how much the final bill will be. NerdWallet’s September survey found that 80% of homeowners say they stick to the budgets they set for these projects. This is a significant improvement over last year when only 76% reported doing so. It’s important to find a reliable contractor and research them thoroughly, including getting references from other people who used their services and talking with friends, family and neighbors.