Home improvement is the remodeling, altering, repairing, painting, renovating, restoring, or modernizing of residential and noncommercial property. This includes the construction, installation, replacement, repair, or improvement of driveways, patios, porches, decks, roofs, insulation, siding, windows, doors, fences, and garden areas.
In 2022, more than 24 million homeowners made home improvements and repairs—more than ever before. The most popular projects included kitchen remodels and bathroom renovations. But many people jump into renovations without thinking through their budget and plan. That can lead to expensive mistakes and unnecessary costs. And some projects may not add value to your home.
A good place to start is by sprucing up your curb appeal. Painting the front door, adding mulch around bushes and trees, and cleaning your gutters are all do-it-yourself projects that can improve your house’s appearance. Other cost-effective home improvement ideas include installing a new window, power-washing the exterior of your house, and replacing or regrouting tile in shower areas.
If you’re planning to sell your home, skip high-end upgrades like marble floors and fancy fixtures. These may not be appealing to a wider range of buyers and can detract from your home’s resale value.
Adding an extra bedroom or bathroom is another great way to increase your home’s resale potential. But don’t overdo it—expanding a basement into living space can be costly and may not add enough room for a family to feel at home. It’s also a good idea to talk to a real estate agent before making major expansions or additions to your home.
