Home improvement is any work done on a home to make it safer or more functional. This could include anything from remodeling a kitchen or bathroom to adding a deck, pool or garage. Home improvements also include maintenance, like painting or resurfacing the driveway. It can also include improvements to property such as a garden or lawn, as well as fences and structures like sheds and gazebos.
While some homeowners are focusing on curb appeal to help their homes stand out in the market, many others are looking for projects that will add value to their homes. The good news is that there are plenty of options. Home improvements that typically deliver a high ROI include updated kitchens, bathrooms and master suites; any addition or expansion to livable space; and energy-saving upgrades.
Return on investment can vary widely depending on the type of project, however. Some add significant value while others fail to recoup costs or even provide any real increase in a home’s overall value.
When it comes to determining which home improvements will have the greatest impact on resale value, you should consider local trends as well as buyer preferences. This will determine whether certain renovations are worth the investment, and what your budget should be for each project. Before you hire someone to do any type of work on your home, it’s best to get multiple quotes from licensed contractors and check their references. This will ensure you’re getting the highest quality service for your money.