Home improvement can be a great way to make your house look better and feel more comfortable. It’s also a way to increase your home’s value if you plan on selling it in the future. But it’s important to know how much certain projects cost and what the average return on investment is before you start.
There’s been a boom in home improvement spending since 2010, when it hit a low during the recession, with homeowners 55 and older the main force behind that growth. And despite high construction and financing costs, experts say that many homeowners will continue to renovate their homes in the near term.
The categories that are surging the most in terms of hiring contractors include deck and fence construction, as well as landscaping work. Experts say that these kinds of projects are easier and cheaper to do than major renovations, such as adding a bathroom or kitchen. And they can often be completed within a shorter period of time, making them more appealing to homeowners.
Before you hire a contractor, get estimates from several different companies and carefully examine the quality of the work. It’s also important to understand the legal requirements of a project, including whether it requires a permit and what inspections may be needed before finishing the work. You should also make a detailed list of what work you want done and be specific. This will help you negotiate with contractors and keep them from trying to sell you more work than what you need or want.