There are many ways to enhance the look of your home, from adding new countertops and cabinets to painting and accent pieces. You can also hire professional services for HVAC, plumbing, electrician, or carpentry needs. You can also use the skills of a handyman to fix unexpected problems. To add visual interest to your home, you can also replace outdated flooring, paint, or wall tiles.
The home improvement industry has seen increased competition in recent years. While many unlicensed companies are operating in the market, others are members of professional organizations and associations. Before hiring a contractor, it is important to check his license, insurance, and references. You can also opt for services bundled by aggregators, which offer various home improvement services. These companies act as a middle-man between service providers and customers.
Investing in home improvement projects can yield high returns. Energy-efficient projects tend to pay off, with an average ROI of 117%. Homeowners can also stage their home for sale by making simple interior changes. Colors and materials used in renovation projects can affect home value. For example, replacing carpets can increase the home’s appeal and increase the value.
If you’re considering renovations, you may be eligible for federal grants. However, you’ll need to find out the rules regarding federal grants before taking on a home improvement project. In most states, home improvement projects must be categorized as capital improvements and must be reported to the department of finance. In addition, home improvement projects are not subject to labor taxes. But you should check with your CPA to be sure.