Home improvement is the renovation, repair, and modernization of a home or property. This includes the repair of structural damage to the home, installation of new or replacement of existing systems such as heating and cooling, and the construction of additions to a home. It also includes work to landscape the exterior of a house.
Home improvements can be an excellent way to increase your property’s value or add comfort and functionality to your living space, but it’s important to choose the right projects. Choosing the best projects can have a significant impact on your home’s resale value, and can help you get the most return on your investment when it comes time to sell.
The Home Improvement industry has experienced a robust growth in recent years, particularly during the COVID-19 pandemic. According to the National Association of Realtors, while professional remodeling projects declined during the pandemic, do-it-yourself renovations soared. Many homeowners were confined to their homes during the pandemic, and chose to make upgrades in order to spend more time with family members, as well as improve their entertainment and work-from-home spaces.
Many homeowners are focusing on outside upgrades, such as landscaping, deck construction and fences. Real estate appraisers recommend investing in outdoor projects that will add value to your home by increasing curb appeal and overall property condition. A well-kept lawn, perennial flowers and trees are a great way to make your home’s exterior look fresh and appealing.