Home improvement is the renovation, repair, alteration, addition, or modification of a residential or noncommercial structure. This includes, but is not limited to, the construction, installation, remodeling, repair, or replacement of insulation, windows, doors, roofs, floors, fences, kitchen cabinets, bathroom fixtures, appliances, and lighting. The home improvement industry comprises retail sales of building materials, furniture, equipment, and supplies, as well as contracting services.
Home improvements often boost your property value and make your house more attractive and comfortable. But not every improvement is a wise investment. Some may actually cost you money and decrease your resale value.
It is important to plan before executing a Home improvement project. This will help you avoid overspending or running into problems while carrying out the work, especially when hiring a professional. Also, before starting any project, be sure to consult with the relevant authorities. For example, if you are planning to install a new kitchen sink, you should check with your local plumbing department to see if you need a permit or any other permission.
Some popular DIY projects that can add value to your home include painting, re-grouting tile, and power washing your driveway. These simple upgrades can make your home more inviting and appealing, and are a lot cheaper than major renovations. But remember, if you’re doing a major renovation, it’s smart to speak with your insurance agent to ensure that your policy has enough coverage. This is because as your house’s value increases, your old policy may no longer be adequate to protect it.