Home improvement is the process of improving and renovating a house. It can include anything from upgrading kitchens and bathrooms to adding rooms and installing new windows. Home improvement projects can be expensive and time-consuming, but they can also add value to your home.
Whether you’re planning to sell your home in the near future or simply want to make it more comfortable, our experts have the tips and tools to help you get started. Find out how much popular projects cost, which ones increase your home’s value and which common mistakes to avoid.
According to the American Housing Survey, homeowners who completed renovations during the pandemic reported higher levels of satisfaction with their homes than those that did not. Respondents cited improved livability as the main reason for remodeling their homes. Moreover, they reported that the improvements made their homes feel newer and more comfortable.
However, it’s important to consider your budget before beginning any home improvement project. Unforeseen costs can quickly derail even the most well-planned renovations. For example, if you have to pay for unexpected repairs like a rotting subfloor or old shingles that need replacing, you could end up overspending and going into debt.
To avoid costly surprises, always hire a professional contractor and obtain at least three references before hiring one. Make sure the contract clearly states the price of the work and any other relevant details. In addition, Maryland law requires that all contractors accept a deposit of no more than 1/3 of the total contract price and have their name, address and MHIC license number preprinted on the contract.