The home improvement industry includes the sales of building materials, appliances, decor, and other goods as well as the hiring and training of contractors and tradespeople to complete remodeling projects or other improvements to homes. Recent reports indicate that the market is growing steadily.
Many homeowners undertake home improvement projects with the goal of increasing their property value. They may be lured by the idea of a luxurious master suite or a state-of-the-art kitchen, but there are also more modest projects that can make a big impact. A new front door, for example, is a low-cost upgrade that tops the list of home improvements with the best return on investment.
Homeowners are also rethinking their home’s landscaping and giving their kitchen, bedroom, living room, and bathroom an updated look. This is a great way to improve your home’s appearance and feel, particularly during the COVID-19 pandemic.
The categories of home improvement surging the most, though, have to do with work outside the house, according to Anderson: hiring landscapers surged more than threefold, while deck construction and fence construction jumped nearly as much.
As the home improvement market grows, it is important for consumers to stay up-to-date with the latest research about what type of improvements are worth undertaking and which ones should be avoided. Consumers should look to trusted sources of information like magazines, online reviews, and other resources before beginning a project. Additionally, consumers should seek out professionals with memberships in a reputable association and who have verified licenses, insurances, and business references before signing contracts.