Home improvement is any type of work done on a house to make it more pleasant to live in, or more functional. The work may include remodeling, repairing, redecorating, painting, cleaning, installing new equipment, replacing old equipment, and other tasks. Depending on where you live, it may also be called home maintenance or upkeep. It is a common practice for people to hire contractors for these projects, although some homeowners choose to do them themselves.
Television schedules are packed with shows like Fixer Upper and This Old House, and it is easy to get caught up in the idea of upgrading your own space. However, before you start swinging that sledgehammer, consider what types of projects will add value to your home and which ones are best left to the professionals.
Generally speaking, if the project is considered a capital improvement (as defined by the NYS Department of Taxation and Finance) then it is exempt from sales tax (except for materials). This includes resurfacing of driveways and parking lots, replacement or repair of siding, doors, windows, porches and decks, garages, and more. Regardless, it is always wise to consult with your local tax department for specifics in your area.
Some upgrades will not add value to your home, such as adding marble flooring or a whirlpool tub. Also, over-personalizing your home can turn off potential buyers, so try to keep your renovations neutral and appealing to a broad range of tastes. For example, if you have a brick fireplace that is stained with soot and creosote, clean it before trying to sell your house.