Home improvement is one of the most popular hobbies, and many people enjoy tackling projects to improve their homes. Whether it’s a renovation project like a new kitchen or bathroom, adding a room, repairing leaky windows or fixing a foundation, homeowners are spending more on home improvement than ever before.
Despite the economic downturn, a recent study from Houzz found that a majority of renovating homeowners reported a positive experience. Specifically, 47% of surveyed homeowners said they were actively engaged in projects to fix problems around the house and more than half (54%) were engaged in a remodeling or renovation project over the last two years.
While there’s no denying that there’s a growing demand for home improvements, a key point to remember is that every homeowner has their own reasons for doing what they do. Often, projects are driven by the desire to update a space and bring it into the modern age.
If you’re planning a major remodeling project, it’s a good idea to have a clear plan before you start. It can help you determine your priorities and budget, and it may even help you make smarter decisions when it comes to hiring professionals.
If you need to get a home improvement project done, you might want to consider taking out a loan. These are typically installment loans that are paid back over 5-30 year terms via fixed monthly payments. They can be an affordable way to finance large renovations and other expenses. However, you should be sure to research your options before signing any contract.