Home Improvement Mistakes to Avoid

Home improvement, also called home renovation or house repair, is the process of renovating or making additions to one’s residence. Home improvement projects can include a variety of things such as painting, flooring, light fixtures, refinishing woodwork, upgrading appliances or adding landscaping. Home improvement is an industry that has seen a great deal of growth in recent years. In 2024, it is expected to continue to be a popular pastime for many homeowners.

The best way to get a good value out of your home improvement project is to choose projects that will increase the resale value of your house, as opposed to just increasing your comfort and enjoyment of the property. However, it is important to remember that not all projects will add value. Some can actually decrease your home’s resale value, and this article will explore some of the reasons why this is so.

Some of the most popular projects for improving homes are bathroom and kitchen remodels, but there are a number of other options that can be just as worthwhile. Regardless of the size or scope of the renovations, there are a few common mistakes that homeowners should avoid in order to get the best value out of their investment.

A major mistake that people make when they embark on home improvements is to choose materials that are too expensive for their budget. This can quickly lead to overspending, and even going into debt for the project. It is important to choose affordable options when choosing materials for home improvement projects, and to ensure that you have a solid plan for how you will pay for the project.

Another mistake that is made is to hire contractors without doing any research on their background and qualifications. Choosing the right contractor for your home improvement project can save you a lot of money in the long run. Be sure to research potential contractors, and only work with those who have a valid license and insurance coverage, as well as plenty of positive references from past clients.

In the midst of the COVID-19 pandemic, some homeowners have been reluctant to let anyone in their home to do repairs or home improvement projects. As a result, those who have been able to take on these projects have been more likely to stick with their budgets than those who have not. In fact, 80% of respondents to NerdWallet’s September survey said that they were able to finish their projects without tapping into savings or going into debt.

When it comes to home improvement, there are always ways to make your property more comfortable, livable and valuable. Whether you are looking to revamp an outdated kitchen, add more space to your home or update the flooring, NerdWallet has the tips and tricks to help you get the most out of your renovations.