The television schedule is full of shows about Fixer Upper and This Old House, but it’s one thing to watch a show and another to take on a project. Home improvement is anything done to make your house more comfortable, safe or functional, and it can be a great way to increase your property value if you decide to sell it.
Popular renovations include a new front door, which is one of the best projects for boosting your home’s curb appeal. Other good choices are laying down new flooring or replacing your countertops. These updates don’t require a lot of money but can greatly enhance your home’s appearance.
Another popular home improvement is adding an extra bedroom or bathroom, which can add both living space and resale value. This is a great option for families who have outgrown their current homes or for those looking to retire and downsize.
If you have a large project in mind, it may be worth considering a home equity loan. These loans are secured by your house and can be used for expenses like home improvements, debt consolidation or long-term care. Keep in mind that you should always update your home insurance after any major renovations to make sure you’re covered.
Some homeowners get caught up in the excitement of a remodel and go overboard, which can lead to overspending or even going into debt to finish a project. To avoid these pitfalls, start with a list of your priorities for the renovation and stick to that plan. It is also a good idea to consult a professional before starting any work, and don’t forget to keep track of your spending.