Home improvement is the process of renovating or repairing residential real property such as fixing a roof, paving a driveway, adding landscaping or refinishing interiors. It’s also the process of making changes to improve or expand a home’s energy efficiency. Home improvement can be a fun and cost effective way to add value to your house. However, it’s important to know which improvements will increase your home’s resale value and which ones will not.
While whole-house renovations are one way to boost your home’s value, they can be costly and may be difficult to manage. Instead, choose a few key projects that will make your house more appealing and comfortable.
For example, installing a new kitchen or bathroom will increase your home’s value. Replacing old or worn out appliances will improve your home’s energy efficiency, too. And installing laminate flooring that looks like wood is an inexpensive and quick DIY project that will give your home a fresh look.
Adding extra bedrooms and bathrooms is another popular house improvement that will increase your home’s value. However, it’s important to talk with a real estate agent first to find out what buyers are looking for in your neighborhood.
It’s also important to choose the right contractor for your home improvement project. A licensed contractor is required to pass a background check and must have experience in your specific type of home improvement. Before hiring a contractor, compare prices, services and reputations.