The Home improvement industry includes the sale of building materials, appliances and decor along with contracting services like plumbing, electrical work, drywall repair or installation, roofing and tiling. Many homeowners enjoy DIY (do-it-yourself) home improvement projects and the satisfaction of completing a project on their own. Home improvement stores and online resources cater to the needs of consumers who want to complete these types of projects themselves. The COVID-19 pandemic boosted the popularity of these types of projects.
When it comes to planning home projects, kitchen remodels and bathroom renovations top the list of homeowner priorities in 2022. Other popular home improvements include installing a smart thermostat and caulking and weather stripping around doors and windows. Homeowners also plan to add extra bedrooms and bathrooms, which are good for resale value and family size.
While homeowners may want to boost their resale value when making renovations, it is important to remember that not all home improvement projects will pay off. Some may even detract from the value of a property. For example, adding too many personal touches, like unique light fixtures or wallpaper, can make a home look less appealing to potential buyers.
It is also important for homeowners to research and compare service providers. Get multiple estimates and check license and insurance information. Also, be sure to read customer reviews. Also, never pay a full amount upfront. You should always be able to negotiate payment terms with contractors.