Home improvement is the process of repairing or renovating your house to increase its value, comfort, safety, or to add a new feature. Depending on your needs, you can choose to do a DIY project or hire a contractor.
Adding extra bedrooms and bathrooms is a popular renovation, because it can increase your home’s value and living space, especially if you have a growing family. But if you plan on selling your house soon, you should talk to a real estate agent about your proposed changes to make sure they are worth it.
Aside from increasing your home’s value, a good home improvement project can also make your house more energy efficient. This can save you money on your energy bills, which can be a real relief during times of high inflation.
Some major home improvements, or capital improvements, can be tax deductible when you sell your house. You should itemize your receipts and keep track of what you spent, including labor costs.
Painting is a popular home improvement that can be done on a budget and adds a fresh, new look to any room. The average homeowner did this at 19.3% of the time last year, according to data from a survey by Consumer Reports.
Putting crown molding on your walls is another low-cost and inexpensive way to improve the look of a room. These decorative strips can be purchased at a home improvement store and are easy to install.