Home improvement is the repair, remodeling, conversion, or modernization of a residential building. It also includes the erection of nonpermanent structures such as fences, decks, patios, garden walls, or driveways, but excludes any structure primarily used for commercial purposes or to house livestock.
With rock-bottom interest rates making mortgages more affordable, now is a great time to invest in your home by making some smart, low-cost DIY upgrades. But be careful—not all home improvements add value. In fact, some could even decrease your home’s resale value.
Some of the top home improvements include replacing a front door, installing a new garage door, and upgrading your kitchen countertops. Other popular projects are adding an extra bedroom and bathroom, and converting a basement into living space. However, don’t go overboard: If you renovate your home to the extreme, it may not appeal to a wide range of buyers, and you might end up selling for less than you invested.
When choosing a home improvement contractor, it’s important to find one with the right credentials and experience. Ask for references and look for a contractor with certifications in your area. For example, if you live in an earthquake zone, your contractor should be familiar with the proper building techniques for that region. Also, consider hiring a contractor that has experience working with different types of materials and styles. A professional will be able to help you determine which projects are the most cost-effective and will provide the best return on investment.