What is Home Improvement?

Home improvement

Home improvement is the renovation, repair or remodeling of a home. It can be done for a variety of reasons; to make the house more attractive or comfortable, or to increase its efficiency or utility. Examples include adding new rooms or spaces, installing energy-efficient windows and doors, refinishing wood floors, and putting in a new kitchen, bathroom or garage.

The home improvement industry has experienced excellent growth results in recent years. This market consists of the sale of building materials, appliances and decor, as well as the hiring of contractors and workers to help with renovations and improvements.

Homeowners spent more on home improvement projects in the past two years than they did during the previous two-year period, according to the American Housing Survey. Spending per project rose as well, from $1,350 to $1,500.

Contractors in the home improvement business are required to be licensed. It is a crime in many counties and municipalities to engage in home improvement work without a license. A licensed contractor must carry liability insurance in the amount of $100,000 per person and $300,000 aggregate. Liability coverage includes bodily injury and property damage, as well as the restoration of a damaged home.

If you are thinking about renovating your home, consider carefully what kind of improvements will enhance the property and add to your enjoyment of it. Also, be careful not to overspend or to make improvements that are unlikely to pay off when you sell the home. It is a good idea to consult with a real estate professional before starting any large-scale project.

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