Home improvement is the term for any renovation to an existing home. There are many reasons homeowners pursue these projects, including adding curb appeal and functionality, making repairs or improvements to make their homes more livable, and improving the appearance of their property. Home improvement projects can also increase a home’s value. However, not all projects are created equal, and some can actually decrease a home’s value or prevent it from selling.
The coronavirus pandemic has made it more appealing to spend time at home, and homeowners have reprioritized some home improvement projects as a result. Whether you’re looking to upgrade your bathroom, add an extra bedroom or even build a deck, there are plenty of ways to improve the look and feel of your home without breaking the bank.
In fact, some of the best home improvement projects don’t require much more than a paintbrush and a little sweat equity. A fresh coat of paint, re-grouting tile and power washing the outside of your home are all easy and affordable ways to refresh your space and boost your home’s value.
If you’re planning a larger project like adding a master suite or putting in an in-ground pool, it’s wise to consult with a real estate professional before you start your work. They can help you understand which projects will add the most value and determine the best way to achieve your goals within your budget. For example, you’ll want to avoid overly personalized touches that may not appeal to a wide range of potential buyers.