Home improvement refers to the construction, repair and maintenance of residential buildings. The industry involves the sale of materials and equipment used for home improvements and services provided by contractors and tradespeople. It also includes a range of other related activities, such as the installation of alarm systems and the provision of home staging services. The Home improvement market reached excellent growth results in recent years, particularly during the COVID-19 pandemic.
Homeowners are focusing on improving their homes, with many citing rock-bottom interest rates and a desire to spend time with family as motivation. However, the vast majority of homeowners aren’t looking to make their houses more attractive to buyers – instead, most are focused on making their homes more comfortable and happy places for themselves.
Some of the most popular home improvement projects include adding extra rooms, converting basements and attics into living space and putting in new kitchen appliances. Other popular projects include refreshing shower areas, replacing toilets and vanities, laying new tile, constructing fences and installing lighting fixtures. However, some improvements are more costly than others, and homeowners should always consider their return on investment before starting a project.
Homeowners should be sure to follow proper safety procedures when working on a home improvement project and hire licensed professionals where necessary. Additionally, they should avoid making overly trendy upgrades that may not appeal to future buyers and could depreciate the value of their property. For best results, they should consult with a real estate agent to determine which renovations are likely to add value and which ones might decrease it.