Home Improvement – Things to Keep in Mind Before You Start a Project

Home improvement

There are few certainties in life, and one of those is that as a homeowner you’ll find yourself facing home improvement projects at some point. They may be needed repairs, such as a leaky roof or an electrical issue, or they could be renovations with the goal of increasing your home’s value. Either way, these projects take time and money.

Home improvement is a big business and the trend seems to have hit an inflection point, at least for those who can afford it. Spending on home improvements is up more than 50 percent since 2010, and those age 55 and older have been the force behind that surge, according to a report by Harvard Joint Center for Housing Studies.

But there are many ways to approach the task of upgrading your home, from high-end kitchen remodels to simple yard cleanup. And of course, not all projects are created equal when it comes to return on investment. Here are a few things to keep in mind before you start your next project.

First, be aware that home improvements don’t always add value to your home. And even if they do, that doesn’t mean you’ll recoup all of your costs. It’s also important to consider the neighborhood when deciding on projects. A project that’s too customized may turn off potential buyers. That’s why it’s a good idea to consult a real estate professional in your area before making any major decisions.