Home Improvement – The Good, the Bad, and the Ugly

Home improvement

Home improvement is a common and important way to upgrade your living space, or add value to your property. Many projects are quick and easy, while others require a little more work and skill. However, it is essential that you always remain aware of the potential pitfalls. There are some home improvements that will make your house less appealing to potential buyers, and some that will provide excellent returns. Some common home renovations include a new bathroom, kitchen remodel, and painting. Adding energy-efficient windows and a heat pump are also considered home improvement upgrades, and will pay for themselves in lower energy costs over time.

In addition to the cost-saving benefits of certain home improvement projects, homeowners are likely feeling more inclined to invest in their homes in light of rock-bottom interest rates. According to Anderson, categories surging in popularity include deck construction and fence construction, which are up 275% and 148% respectively. Keeping the outside of your home looking good will also help to boost curb appeal, which is up 26%, and may be an incentive for potential buyers.

It is never a good idea to go into debt for any home improvement project. Paying cash is much more beneficial for a number of reasons, including the fact that you will own all of your upgrades rather than paying thousands in interest on a loan. It is recommended that you establish a payment schedule with your contractor and to get all payments in writing.

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