Home improvement is the process of improving or upgrading a home, usually by doing major renovations. It may include resurfacing pavement and driveways, painting the exterior or interior of a house, installing new windows, doors, decks, porches, and more.
Home improvements typically require a degree of planning and pre-planning to make sure that everything runs smoothly and that everything is done properly. The right planning and pre-planning can save you money and time in the long run.
Most homeowners spend a significant portion of their home-improvement budget on remodeling projects, such as adding a bathroom or kitchen. These projects typically have a higher ROI than other upgrades and can be tax-deductible when it comes to selling your home.
The next biggest segment of home-improvement spending is on work outside the home, such as building a deck or putting up a fence. Experts say that homeowners are also focusing on making their homes more resilient to natural disasters.
A growing number of consumers are opting to renovate their homes to improve them for safety and security, according to a recent survey by the National Association of Home Builders (NAHB). These projects might involve raising a property in a flood zone, adding hurricane windows or landscaping with fire-resistant options.
A number of home improvement trends are expected to continue this year. While high-dollar upgrades might be out of reach for many people, smaller projects that improve a home’s aesthetic and feel will be popular.