The Benefits of Home Improvement

Home improvement is the repairing, remodeling, altering, converting, or modernizing of, or adding to, residential real property. This includes, but is not limited to, the construction, replacement or improvement of driveways, swimming pools including hot tubs and spas, patios, decks, awnings, storm windows, landscaping, fences and porches, garages, fallout shelters, and basements. The term also includes the installation of communication systems, central heating and air conditioning systems, centralized vacuum cleaning systems, and storm doors.

Many homeowners decide to remodel their homes for a variety of reasons. Some are looking to improve their home’s resale value, while others just want to make it more comfortable for themselves and their families. In either case, it is important to consider the costs and benefits of any home improvements before beginning work.

The cost of home improvement projects can vary widely, but there are some things you can do to reduce the overall cost. First, always get multiple estimates before hiring a contractor. Be sure to compare price, type of firm, reputation, and experience. Additionally, it is a good idea to find out whether or not a contractor has a license to perform home improvements in your area.

In addition to saving money, doing home improvements can add value to your home and help it stand out from the competition in a tight market. The National Association of Realtors (NAR) 2022 Remodeling Impact Report found that the top motivations for homeowner remodeling included repairing or replacing worn surfaces and finishes (29%), increasing energy efficiency (18%), and updating kitchens and baths (16%).

According to the Houzz Trends Report, spending on home improvement projects has spiked since March this year. In particular, deck construction has increased by 275% while the number of people installing fences has jumped by 140%. The report suggests that the surging interest in home improvements may be due to rock-bottom mortgage rates, an improving economy and a desire for greater security and privacy.

It is also possible that a capital gains tax exemption could encourage homeowners to revamp their properties. However, regardless of the reason, it’s clear that there are a number of ways that home improvement can boost your happiness and enhance your lifestyle.

Home improvement shows fill the television schedules, but it’s one thing to watch a show and another to pull out your toolbox and start on that kitchen remodel. Whether you’re an avid fan of Fixer Upper or This Old House, there are plenty of helpful resources to make your home improvement project go as smoothly as possible.

Theme: Overlay by Kaira Extra Text
Cape Town, South Africa