Home improvement refers to renovation and remodeling projects that improve the overall function and appearance of a house. This could include upgrades to kitchens, bathrooms and other rooms or expansion to a property like a garage or porch. It can also be a way to improve energy efficiency or to save money. It could even be something as simple as repainting a room.
Although the pandemic fueled the home improvement surge, that boom appears to be cooling off. According to Harvard University’s Leading Indicator of Remodeling Activity, a measure of new construction and remodeling, spending is likely to fall this year. The reason for the slowdown is complex. A number of factors are at play, including rising interest rates and stubbornly high inflation. Moreover, the underlying home sales trend has been weakening.
It is important to find a reliable home improvement contractor for your renovations. Check out his credentials, licenses and insurance to avoid any problems in the future. It is also a good idea to get references from previous customers. You can also use an online aggregator or service provider that matches you with contractors who specialize in your project.
Home improvement is not only a way to increase the value of your home, but it can also make you feel more comfortable while living there. Whether you’re looking to update your kitchen, renovate your bathroom or add on an extension, there are a few projects that deliver the biggest returns on investment.