Home improvement is the repairing, remodeling, altering, converting or modernizing of residential and noncommercial property. This includes a wide variety of work, such as kitchen and bathroom remodels, adding room additions or expanding existing ones, installing swimming pools or decks, fencing, paving, painting and more. It also extends to the outside of homes or buildings, such as driveways, walkways and patios, boundary walls not necessary for the stability of the building, garages, basements and crawl spaces, heating and air conditioning systems and other equipment and appliances, wall-to-wall carpeting and attached or inlaid floor coverings.
For many homeowners, a home improvement project is an exciting and worthwhile investment. However, it’s important to be aware of the fact that not every project adds value to your house, and some can even hurt your home’s resale price.
With the right information, you can make smarter decisions about home improvement projects and avoid costly mistakes.
The home improvement industry is booming. Homeowners are upgrading their living spaces more than ever before, according to a recent study from Houzz and the National Association of Realtors (NAR). The pandemic was one reason for this spike in renovations, but that wasn’t the only reason. Most homeowners cited increased enjoyment with their homes as the biggest motivation for renovating.
Some types of home improvements are tax deductible. For example, you can deduct the cost of a new roof or windows that increase energy efficiency. You can also write off the cost of a handrail or grab bar if you need them due to a medical condition. However, most home improvement expenses are not immediately deductible, and you may need to keep receipts in case of an audit.
As the number of home improvement shows continues to grow, more and more people are getting inspired to take on DIY projects. Whether it’s a quick backyard makeover or a full-scale interior overhaul, there’s no shortage of inspiration on the Internet and on television.
Despite the popularity of home improvement shows, DIY projects are not without their hazards. When hiring a contractor, always check for a license and insurance and do a background check on the company. Also, always ask for a quote before beginning any work and sign a contract that includes the exact costs of all the materials and labor.
The most popular home improvement TV shows include Queer Eye, Flip or Flop, Designing Spaces, and Fix It and Forget It. While some of these show focus on the design process, others feature stories of real-life homeowners who are making their own unique home improvements.
The newest season of Queer Eye, which premieres Jan. 24, is sure to inspire you to refresh your space and reimagine your personal style. It’s not too late to get started on your next project. Whether you’re tackling your kitchen or redoing your whole home, the right tools and inspiration can help you finish your project on time and within budget. Then, you can enjoy your newly reimagined space and all that it has to offer.