Home improvement is the process of renovating or remodeling an existing home. It includes both interior and exterior renovations, as well as the addition of new features to a home.
There are a number of reasons why a person may want to do a home improvement project, such as to make the property more comfortable or improve its resale value. However, one of the most common reasons is to reduce energy costs.
Another reason is to increase the quality of living. If a home’s appliances are old and inefficient, a bathroom is dated or a bedroom has poor lighting, then the quality of living in that space will be negatively affected.
In addition, some improvements can be tax deductions and should be considered as such when calculating your yearly tax bill. The IRS has strict guidelines that must be met to claim a home improvement tax deduction.
Whether you’re doing a small kitchen update or replacing the windows in your home, it’s important to do it properly and within budget. A little bit of planning and research will go a long way in keeping you on budget and on time.
A good rule of thumb is to hire a professional, licensed contractor for your home improvement projects. Those who are not licensed have a higher chance of having problems with their work and will cost you more money in the long run. It is also a good idea to perform checks such as verifying their license and insurance, checking references and signing contracts with detailed scopes of work and payment schedules.