Home Improvement – Smart Choices to Boost Your Home’s Value

Home improvement

Home improvement is a broad term that can refer to a variety of projects or activities. These may include upgrades for your comfort, safety, or security, renovations to reduce your energy consumption, repairs, and maintenance work, or the addition of new features to your property.

In a time when homeowners are rethinking whether to sell or stay, many of them are focused on ways they can boost the value of their current residences. Home improvements are one way to accomplish this, but it’s important to make smart choices and avoid those that won’t provide a return on investment.

According to a recent report, homeowner interest in home improvement has risen this year, and some of the most popular projects for 2022 are expected to include kitchen remodels, bathroom renovations, bedroom updates, and garage conversions. The study also revealed that refinishing hardwood floors is the top priority for homeowners this year, followed by installing granite countertops and updating appliances.

With the exception of the refinishing project, many of these upgrades are considered mid-range investments that could potentially increase a home’s overall value. However, some homeowners are also considering high-end upgrades such as creating a primary suite that includes a private bathroom and walk-in closet. Such investments are likely to add resale value, but it’s important to consult with a real estate professional before investing in these types of projects to ensure they’ll pay off if you decide to sell.

The first step in finding a trusted and reliable home improvement contractor is asking around to see who your neighbors recommend. Choosing a contractor that’s familiar with your local laws and regulations will help you avoid any potential issues down the line. In addition, you should always hire a licensed and insured contractor. This will protect you in the event that someone is injured on your property or if damage is caused to your home during the course of the project.

Once you’ve narrowed down the contractors, request a detailed proposal outlining what they will do, how long it should take, and what the cost will be. Compare the proposals to find the best fit for your budget and home improvement goals. It’s also a good idea to ask for references and speak with past customers about their experience working with the contractor.

Despite their best efforts, not all home improvement projects will offer a significant return on investment. In fact, some will even detract from your home’s value, which is why it’s important to choose wisely when making such an important investment in your home. To get the most bang for your buck, be sure to prioritize those projects that will increase the value and appeal of your home. This will set you up for a successful and stress-free future in your current residence.