In a turbulent time, spending on home improvement projects has never been more appealing. Today’s interest rates make it more affordable than ever to get your home in top condition. Many of the most popular home improvement projects involve work outside the home, such as landscaping and fencing. Since March, the number of homeowners building a deck or putting up a fence has jumped more than threefold. Hiring landscapers has jumped by 238% and hiring fence installers has jumped 144%.
Home improvement projects can range from a simple painting job to a major renovation. Sometimes, all it takes is a new piece of furniture to change up the room. For example, replacing outdated couches or chairs would be a home improvement project. However, if you prefer the look of a room over function, replacing the old furniture with a new one would not count as home improvement.
You can also freshen up a space by installing new cabinets, countertops, and tiles. In addition, you can update your HVAC and heating and cooling systems to give your house a new look. You can also update your walls with wallpaper, new tiles, or paint. You can also install new windows and doors to add more space to your home.
Home improvement projects can help you sell your home and create more space for your family. While the average home improvement project costs between 1% and 3% of the overall house’s value, some types of renovations can bring back up to 90% of the money spent. When considering home improvements, it’s important to consider the price of materials, since they often add up quickly.