Home Improvement – Is it Worth the Investment?

Home improvement is a term used for projects that improve a home’s indoor or outdoor spaces. Projects can include updating an interior, replacing appliances or making upgrades to the exterior such as a deck or driveway. There are many benefits of home improvements including increasing comfort and boosting curb appeal. However, not all projects will increase a home’s value and some may even decrease it.

For example, installing top-of-the-line appliances and imported marble floors might be a luxury that doesn’t fit your budget or match the neighborhood, so it might not add to a home’s resale value. However, it’s important to remember that resale isn’t always the primary goal of a homeowner. A home recording studio, for instance, might turn off a family with young children, so it may not be worth the investment.

Replacing a front door, updating the kitchen and adding energy-efficient windows are all top-rated projects on HomeLight’s Cost vs. Value Report and can bring in up to a 75 percent return on investment. Similarly, a garage conversion is a popular remodel that can boost the resale value by up to 50 percent.

When choosing a contractor, it’s important to check their credentials and license before hiring them. Many states have consumer protection laws to protect homeowners from fraudulent contractors and unlicensed work. It’s also a good idea to ask for references and check out reviews from past clients. Lastly, homeowners should make sure they’re up to date on their home insurance before starting any major renovations.

Posted in: Gambling