Home improvement is the repair, maintenance and restoration of residential real property. Home improvements may include renovations, additions and remodeling of rooms as well as landscaping work. It also includes the installation of appliances, lighting fixtures and electrical wiring. Home improvement projects are often completed by contractors, but they can also be done by the homeowner as a DIY project.
Many homeowners undertake remodeling projects hoping they will add value to their homes. Unfortunately, not all home improvements increase resale value. In fact, some home improvements may actually decrease resale value or turn off prospective buyers.
The most common home improvement is installing a new roof. This typically costs between $25,000 and $35,000. It is important to choose a reputable roofing contractor to ensure the quality of the materials and workmanship is up to standards. A poorly installed roof can cause water damage, which is a significant expense and can lead to mold and mildew problems.
Other popular home improvements are updating kitchens and bathrooms. These projects can be expensive, but they usually provide a high return on investment. It is also a good idea to update flooring, as old carpet and vinyl tile can make a house look dated.
Some less costly but still effective home improvements include painting and refinishing wood furniture. Crown molding is another simple but effective way to improve a room. It is available in a variety of styles and colors, and it can be purchased at most home improvement stores. Installing crown molding is not difficult, but it does require some carpentry skills and the use of power tools.
A well-kept yard can also add curb appeal to a home. Landscapers can help with a number of outdoor home improvement projects, such as designing and building retaining walls, creating flower beds and installing a fence. It is also possible to make your own lawn more attractive with simple DIY projects, such as edging the grass and pruning shrubs.
One mistake that many homeowners make is overspending on home improvements. It is important to stick within a realistic budget and only spend money on upgrades that will be appreciated by potential buyers. It is also a good idea to talk to a realtor before making any major renovations. They can provide advice on what types of improvements will increase resale value.
Lastly, homeowners should always stay up to date on their home insurance. When you remodel your home, your insurance policy may change, and you should review your coverage. It is a good idea to consult with a home insurance professional who can provide you with the latest information on coverage for your home and suggest any necessary updates.