Home improvement, also known as home renovation, is the process of enhancing the appearance or functionality of an existing house. It can range from minor projects such as painting walls or building shelves to large remodels such as kitchens or bathrooms. The home improvement industry is a multibillion-dollar sector of the economy, with major contractors and home centers enjoying significant sales.
Home improvements can be a great way to add value to your property and increase its curb appeal, but some projects are better than others. In order to get the most out of your investment, it’s important to choose projects that will have a high return on your investment (ROI) and that are likely to appeal to potential buyers.
Whether you’re looking to sell your house or just want to make it feel more like home, there are plenty of home improvement projects that will fit the bill. From sparkling bathroom overhauls to repairing broken floors, these home improvement ideas are both cost-effective and sure to add value to your home.
Despite a recent downturn in housing prices, many homeowners remain interested in making renovations to their homes. In fact, the latest American Housing Survey reports that American homeowners have spent over a half-trillion dollars on home improvement projects over the past few years. However, with inflation and the threat of a recession on the horizon, homeowners are carefully considering their options moving forward. This article will explore how home improvement spending has changed, statistics for the most popular projects and advice on making smart choices when it comes to DIY or hiring a professional.