Home improvement, also known as home renovation or remodeling, is a term used to describe the process of improving one’s house. It can include projects such as adding new rooms, making the house bigger, increasing its energy efficiency or bringing it up to current safety standards.
The home improvement industry is strong, despite the economy’s challenges. It’s been growing faster than most other industries since 2010, according to the Harvard Joint Center for Housing Studies, and older homeowners are a large contributor to the growth.
A recent survey by Axiom, a Minneapolis marketing firm, found that more than 90 percent of DIYers plan to spend as much time on home projects in 2021 as they did last year. The majority of respondents said they would be working on outdoor areas like patios and decks, as well as at-home entertainment spaces.
Home improvement is a great way to increase your home’s value. You can add curb appeal and functionality with simple do-it-yourself improvements, such as painting the front door or installing new landscaping.
It’s important to choose home improvement projects carefully and keep a close eye on your budget. Aim to make your home improvements last as long as possible, and avoid spending money on upgrades that don’t increase your home’s value.
Aside from increasing the value of your home, home improvements also provide a sense of accomplishment and self-satisfaction. For example, many people find that adding a home gym is a great investment in their health and happiness. A good home gym is a place where you can get in shape and relax, which can help reduce stress.