Home improvement is the renovation of existing homes and also includes the construction of new home additions. The industry is composed of chain stores, franchises, and local companies with a dedicated home improvement department. It carries out projects for residential and commercial purposes to improve comfort, style, and function.
According to the latest survey by The Home Depot, homeowners are planning a variety of projects for their homes this year. Top projects include fixing leaky faucets and replacing old door handles, while others include caulking and weather stripping around windows and doors, adding a smart thermostat, and painting the home’s interior or exterior. The top motivations for home improvements among those surveyed are fixing existing issues (47%), increasing the home’s value (39%), and improving aesthetic design (31%).
One important consideration is safety when taking on a home improvement project. If you aren’t sure where to start, look around at other houses in your neighborhood and consider what types of renovations might appeal most to potential buyers if you ever decide to sell. You can also consult with a real estate agent or appraiser to learn what’s popular in your area.
However, it’s important to remember that your own enjoyment and convenience are also key reasons for remodeling your home. If you renovate solely to increase your home’s value, you may end up with a showplace that feels alienating and impersonal, rather than a place where you love spending time.
