Home improvement is any work done to improve your home, from minor repairs to full-blown renovations. It can include painting, putting in new flooring or adding appliances.
Why homeowners do home improvements
Homeowners do their own projects for a variety of reasons, from making their home more comfortable to boosting its value. Almost one in five homeowners (21%) who plan to take on a home improvement project say it is because they want to make their home more attractive to potential buyers.
What they do for inspiration
In 2022, 40% of homeowners who plan to undertake a home improvement project say they look to online content as the source of inspiration. The majority of them are searching for tips and ideas for projects they can do themselves, while a small percentage are turning to contractors.
The cost of a project is an important consideration, but so are the quality and timing of the work. It is a good idea to get estimates from different contractors before you commit to a contract.
When selecting a contractor, consider the company’s experience and reputation. Those that have a solid track record with Consumer Affairs and the Better Business Bureau are generally more reliable.
For your protection, home improvement contracts should be in writing and signed by both the homeowner and the contractor before work begins or any money is paid. Contractors should also provide a written warranty on the materials and workmanship that they perform.