Home Improvement 101

Home improvement is the process of renovating or remodeling an existing home. It can also include making additions to the home. Home improvements can be carried out for a variety of reasons, including increasing comfort and enjoyment, improving the value of the property, or preparing it for sale. Home improvements can be completed by professionals or by do-it-yourself (DIY) methods. Some common types of home improvement projects include replacing windows, painting, fixing leaky roofs, installing new flooring, adding decks and fences, and upgrading kitchens and bathrooms.

Many homeowners take on home improvement projects as a way to increase the value of their home. Others are motivated by a desire to create a more comfortable living environment or to make the home more suitable for their needs as they age. In some cases, home improvements may be required by law in order to meet local building codes.

One thing that can make or break a DIY home improvement project is sticking to the budget. It’s important to accurately estimate the cost of a project before starting and allow for some level of flexibility in case of unexpected expenses. This is especially true if you’re dealing with an unknown tradesman or materials that cost more than expected. According to a recent NerdWallet survey, 80% of homeowners who recently finished a home renovation said they were able to stick to their project’s original budget. The survey also found that older homeowners are driving much of the recent growth in home improvement spending. This is due to the fact that they typically have a higher disposable income and more equity in their homes than younger households.