Home improvement, also known as home renovation or home remodeling, is a process in which a person or organization undertakes a variety of tasks to improve the look and feel of their home. There are several types of home improvement projects available, including exterior and interior design projects. These types of projects can help increase the value of a property and add to the enjoyment of living there.
Before hiring a home improvement contractor, be sure to check their license and insurance. In New York State, you should always get a written contract for any home improvement work performed. The contract should specify the payment schedule and timeline of the project. It should also include an architect or engineer’s plan describing almost every detail of the work. It’s also a good idea to set up an escrow account where you’ll pay the contractor only after the work is substantially completed.
Another way to improve the appearance of a home is to make it more comfortable. For example, you can install a kitchen island, or a pantry, to increase counter space. A bathroom can also benefit from a little modernization. Bathrooms in older homes may have outdated fixtures, but modernizing them will make the space more livable and enjoyable.
Home improvement has become a huge industry. In 2016, the home renovation industry was worth $400 billion annually, and is expected to grow to $510 billion by 2024. It’s an industry that caters to niche markets with a variety of needs.