Home improvement is the act of renovating a dwelling or other building to increase its usable space and/or improve its aesthetic appeal. The renovation can include updating interior finishes and structures such as kitchens, bathrooms, basements and attics. The process of remodeling also often includes increasing a home’s energy efficiency and/or reducing its environmental impact.

According to the National Association of Realtors (NAR) 2022 Remodeling Impact Report, remodeled kitchens and baths lead the list of most popular home improvements. Other top projects include adding a deck or patio, installing a fence, and painting the exterior of the home. The report indicates that homeowner satisfaction with their upgraded homes has increased as well.

When considering home improvements, it’s important to focus on projects that will increase your home’s value and provide a good return on investment. Updated kitchens and bathrooms are always a safe bet, as are upgrades that add livable square footage, such as finished basements or decks. However, buyer preferences vary from market to market, so it’s important to research what is most popular in your area.

Also, remember that buyers are interested in homes that are in line with the rest of the neighborhood. Don’t overspend on high-end upgrades that will not appeal to the majority of potential buyers. This will likely reduce the overall resale value of your property. It is also wise to consult a real estate professional for additional guidance.