Home improvement is the repairing, remodeling, restoring, altering, converting or modernizing of a residential building. It also includes the addition of rooms or changing their configuration, and the installation of appliances and fixtures. It does not include a new construction or the installation of nonpermanent structures such as fences, sheds and similar items.
Homeowners may make improvements to their homes for a variety of reasons, but the most common is to enhance enjoyment of their living space. Other reasons may include increasing home value or meeting specific health and safety needs. Some homeowners have the money to tackle large renovations – and many do, thanks to low mortgage rates and home prices that remain relatively high.
While it is great to improve the living spaces in your home, be careful not to go overboard. The more expensive a home renovation, the less likely you will get a return on your investment when it comes time to sell. If you are thinking of selling in the near future, consult with a real estate professional and be sure to check your local property tax laws.
For those homeowners on a budget, there are plenty of DIY options that can improve the look and feel of your home without breaking the bank. One of the cheapest and easiest projects is replacing door, cabinet, or closet knobs. This simple project can instantly update your home, and can be done by any level of renovator.