Home improvement is a popular pastime among homeowners. It can include everything from fixing a leaky faucet to installing a new bathroom. The reasons for doing home improvements vary, but one common motive is to increase a house’s resale value. However, not all improvements will do this. In fact, some could actually reduce a home’s value.
In a recent survey by the American Housing Survey, 24.5 million homeowners completed at least one home improvement project. This was an increase of 15% compared to 2021. This was mostly due to higher construction material costs.
Whether you’re renovating your kitchen or adding on an additional room, it’s important to understand how much popular projects cost and which ones will give you the best return on investment. It’s also vital to know which DIY fixes are safe to do yourself and which should be left to the professionals.
Many people are inspired to do home renovations after watching shows such as Fixer Upper or This Old House. These programs helped to blur the line between the traditionally masculine world of carpentry and the more feminine realm of interior design. As a result, women began participating in more home improvement projects.
In addition to boosting resale values, home improvements can also improve a house’s safety and functionality. If neglected, certain tasks such as replacing worn doorknobs or cleaning out the rain gutters can become expensive repairs for a prospective buyer. Also, a buyer may reject your house if they find evidence that you’ve done substandard work on the property.