Home improvement refers to the work that is done to upgrade and repair a house, either to improve its appearance or to make it more functional. This type of work can include anything from painting and re-grouting tile to installing a new kitchen or bathroom. While many homeowners complete these projects in an effort to increase their property’s value, some do so for personal enjoyment. In this article, we’ll explore the latest stats and trends on home improvement and find out which projects will add the most value to your home.
Homeowners are increasingly choosing to stay put and instead invest in making their homes more enjoyable and functional for themselves. As a result, remodeling and renovation projects have seen a surge in popularity. In the past few years, many of these projects have focused on updating a kitchen or bathroom. However, in the next few years, experts anticipate that more projects will focus on a home’s curb appeal and outdoor living spaces.
When choosing a contractor to complete a home improvement project, it’s important to consider their reputation, experience, and price. You should also be aware of any licensing requirements in your area and make sure that they are bonded and insured. A good place to start is by asking for references and checking online reviews. In addition, you should always get estimates from multiple contractors and compare their prices before selecting one.
While many of these home improvement projects will add to your property’s value, it’s important to keep in mind that your personal enjoyment should be the primary reason for any upgrades. If you renovate solely based on what will attract potential buyers down the line, you may end up with a showplace that doesn’t feel like home to you.
As we head into 2023, many of the biggest home improvement trends are likely to be repairs and updates that improve a home’s energy efficiency. Experts believe that this will be a popular choice for homeowners because of both the financial and environmental benefits. In addition, these types of improvements are often simple enough to be completed as a DIY project.
Other popular projects are expected to be those that add entertainment or workspaces to a home. Whether it’s adding a media room or turning a garage into an office, these projects will give homeowners more flexibility in how they use their space and can be easily converted to other uses when the time comes to sell. Lastly, experts expect that more homeowners will spend money on exterior maintenance this year. This is a great way to avoid costly and potentially dangerous problems in the future, such as rotting wood or a leaking roof. It’s also a smart way to ensure that your home will be in top condition for any visitors.