Home improvement, or house renovation, refers to the remodeling, altering, repairing, improving, restoring, and modernizing of residential and noncommercial property. The industry encompasses the sale of building materials, appliances, decor, and services offered by contractors and trade professionals. Home improvement also includes the installation of heating and cooling equipment, solar energy systems, water heaters, insulation, and any other improvements that make a home more functional and enjoyable to live in.
Homeowners have become increasingly interested in renovating their homes during the pandemic, and this has helped fuel a boom for the industry. In this article, we will explore how the home improvement industry has changed, trends for popular projects, and predictions for the future of home renovations.
Many homeowners jump into home renovations without a plan or budget, and this can lead to costly mistakes that can have lasting consequences. It’s important to understand how much different projects cost and how they can affect your home’s value before you start swinging the hammer. Here are some of the most common renovation mistakes to avoid: