Home improvement is a popular pastime for many homeowners. In fact, Americans spent more than $160 billion on home renovations last year, according to market research firm Zonda Media. And that’s great news for companies such as Home Depot, which reaped the rewards of America’s love for home remodeling.
But while the returns on some home improvements are high, others may not pay off at all. In this article, we’ll take a look at five low-cost and high-value home improvement projects that will add real value to your house.
If you’re planning a major remodel, consider hiring a professional to do the work. When choosing a contractor, it’s important to compare prices and qualifications. Look for a pro who is licensed, insured, and members of a professional association. You can also ask for referrals from friends and neighbors who have used the contractors you are considering.
The most popular home improvements include sparkling bathroom overhauls and basement renovations. But if you want to get the most return on your investment, focus on finishing the outside of your house. Nice finishes will make your house stand out in a neighborhood, and they’re also more appealing to buyers.
Renovating solely for resale purposes can be a mistake. Buyers typically want a home that is comfortable and functional for them. Energy-efficient improvements like new windows and a heat pump will also increase the appeal of your house, as well as decrease your utility bills.