Home improvement is the process of renovating and making additions to one’s living space. This can include a wide range of projects; from adding a room to updating electrical and plumbing systems.
The most popular upgrades are sparkling bathroom overhauls followed by kitchen remodels, according to data from the Contractor Growth Network. But even these high-ticket projects don’t always offer a good return on investment when homeowners are ready to sell, with only about 60% of their spending being recouped on average, according to another study from Zonda Media.
But the most important thing to remember is that your own comfort and enjoyment should be your primary motivation for home improvements. If you renovate solely based on what will make your house sell for the most money down the road, you may end up with a showplace that doesn’t feel like yours.
It’s also a good idea to update your homeowner’s insurance as you complete renovations, to ensure your new upgrades are covered in case of damage or a claim. Talk to a local agent to get more information.