Home improvement is a term used to describe the renovation, modification, or repair of residential and noncommercial property. Home improvements are generally projects that add value to the home or improve living conditions. They can include landscaping, interior decoration, or other changes to the exterior of the house. They can also include alterations to the plumbing, electrical, and heating systems in the home.
The home improvement industry has grown since the early 2000s and continues to grow, with 2023 predictions estimating revenue of $485 billion. However, with inflation high and many homeowners already stretched thin, many will focus on making necessary repairs rather than splurging on a major remodel.
A common home improvement is replacing or repairing broken fixtures in the bathroom and kitchen. These fixes are easy for most homeowners to perform themselves, but some jobs require professional help, such as wiring or installing heat systems. A qualified contractor can ensure that the job is done correctly and safely.
Adding new windows or doors is another popular home improvement project that often increases a home’s energy efficiency and curb appeal. Similarly, a fresh coat of paint can make a room look brand-new. However, it’s important to budget carefully for these major renovations, as a simple mistake can cost thousands of dollars in additional expenses.
It’s also important to remember that not all home improvement contractors are equal. When comparing estimates, be sure to consider each company’s experience, reputation, and ability to complete the work on time. You should also ask for a description of the work to be performed, and include any materials you prefer. The contract should also clearly state the date when the work will begin and when it will be substantially completed.