Home Improvement – A Common Activity For Homeowners

Home improvement is the process of making repairs, additions or improvements to a home. Some home improvements are cosmetic while others can increase the efficiency or safety of a home. The home improvement industry is large and includes many different subsectors, such as painting, flooring, roofing, air conditioning, heating and plumbing. Home improvement is a common activity for homeowners and can be done by a variety of professionals.

The home improvement trend that exploded during the pandemic lockdown is slowly fading, and that could affect how much Americans spend on renovations moving forward. However, many homeowners still have projects on their to-do list.

In order to save money, it is a good idea for homeowners to consider DIY options for some of their home improvement projects. Taking on small projects such as painting or re-grouting tile may not cost much, but they can add real value to the home. Similarly, installing energy-efficient windows, a heat pump or extra insulation can decrease home energy costs and pay for themselves over time, making the home more attractive to potential buyers down the road.

Another important consideration for homeowners when undertaking home improvement projects is to avoid going into debt. Paying for upgrades with a credit card or loan can be expensive and will also have an impact on a homeowner’s credit score. It is recommended that homeowners shop around for the best deals and use an aggregator service to find the most competitive prices.

A lot of people are eager to renovate their homes, especially with the slew of home improvement shows on television. However, it’s important to remember that the more customized a home is, the less likely it is to be appealing to potential buyers. For this reason, it’s wise to consult with a real estate professional before diving into any major remodeling projects that might not pay off when it comes time to sell.

The most popular home improvement projects are kitchen renovations and bathroom remodels, according to a recent NerdWallet survey. These projects typically cost between $4,838 and $33,190, respectively. Other projects that can make a big difference include replacing doors and exterior paint, upgrading light fixtures and adding new landscaping.

It’s also a good idea for homeowners to stay on top of regular maintenance tasks. Neglected maintenance issues will catch up to homeowners eventually, and they can be a turnoff for potential buyers. A home inspector will be able to identify these problems, so keeping on top of them can prevent costly repairs down the road and save homeowners a lot of money in the long run. Moreover, keeping on top of small maintenance tasks such as fixing a broken doorknob or cleaning out the gutters can give the home a well-maintained appearance and help it stand out in the neighborhood. NerdWallet’s guide to Home Improvement provides expert tips and DIY advice for upgrading a house on any budget.