Home improvement is the repairing, altering, renovating, or improving of the exterior and interior of a residential building. This includes, but is not limited to: adding, removing, or changing any structural feature of the building; painting, carpeting, resurfacing or replacing any flooring or paving; installing any appliances, plumbing fixtures or electrical systems in the dwelling. It also includes landscaping and fences that are attached to or a part of the building.
Experts agree that the hottest home improvement trends of 2023 are likely to focus on repairs and upgrades that increase energy efficiency. With electricity and gas prices on the rise, these updates can help homeowners reduce their utility bills – and make their homes more comfortable in the process.
In addition to energy efficiency, renovations that create additional living space and improve the overall functionality of the home will likely be in demand as well. For example, creating a master suite with its own bathroom and walk-in closet can boost the value of a home. However, this type of renovation can be very costly and may not appeal to all potential buyers.
When it comes to home improvements, it’s important not to over-personalize a house. Adding too many personal touches can deter prospective buyers and may even lower the resale value of the property. Instead, it’s better to stick with the basics and choose quality materials that will stand the test of time.
Before tackling any home improvement projects, consult with a real estate professional to learn what updates will add the most value. They can also provide valuable insight into the local market and help you avoid renovations that are less likely to recoup the cost when it’s time to sell.
It’s also important to budget carefully for any home improvement project. If you’re unsure of how much to spend, consider working with a contractor to develop a realistic plan and timeline for completion. This will prevent you from overspending and ensure that the work is completed properly. In addition, always pay for home improvement projects with cash, rather than credit, if at all possible.
If you do decide to use credit, shop around for the best rates. You may be able to find a personal loan with more competitive terms than what you’ll get through a traditional bank loan. In addition, there are a number of online aggregators that offer competitive quotes on home improvement services.
Before beginning any home improvement projects, read up on the latest news and trends to keep your project on schedule and within budget. You can also find helpful tips and advice on a variety of topics, from choosing the right paint color to keeping your kids safe in the pool. For a wide selection of free home improvement articles, visit Brandpoint’s article library.