Home improvement is any kind of remodeling or renovation work that improves the value and appearance of a house. It can include things like adding a bedroom or bath, putting in new windows or changing the flooring.
Home improvements can give you a better return on your investment, but you should be aware of the different types of home improvement projects and which ones might actually hurt your home’s value. It is also important to check with your local building codes and to make sure any improvements are completed safely and with the proper permits.
If you’re planning to sell your home, some of the more expensive home improvements you can do are ones that add value, such as a master suite (which includes a bathroom with a walk-in closet and maybe a dressing area). But if you are just doing these renovations for resale purposes, be sure to talk with a real estate agent before making any changes.
Do not get into debt for any of your home improvements. This can be an expensive mistake because you’ll pay thousands of dollars in interest, and then you don’t own the upgrades, which means a bank will likely take them back when you want to sell your home.
Some home improvements are worth the investment, such as a new roof. Other home improvements, such as adding insulation and updating appliances to use less energy, can save you money on your utility bills.