Home improvement, or home renovation is the process of upgrading the interior and exterior of a house. This can be done to increase efficiency, improve livability, or simply make the property more pleasing. Home improvements can be expensive, but they are often a good investment for homeowners. They can also be fun and rewarding projects to complete on your own.

Homeowners have experienced a renewed interest in home improvement over the last few years, and this trend is expected to continue into 2024. The reasons for the increase in home renovations include:

Regardless of whether you’re looking to sell your home or just want to spruce it up, there are a variety of DIY and low-cost projects that can add value to your residence. However, it’s important to choose wisely as not all home improvements are created equal. In fact, some projects can actually decrease your home’s value.

To avoid wasting money on renovations that won’t pay off, look for projects with high return on investment. For example, a new front door can dramatically increase the curb appeal of your house, while adding security and boosting energy efficiency. Additionally, simple updates like replacing worn doorknobs, painting walls and repairing cracked sidewalks are quick and inexpensive ways to enhance your home’s appeal and functionality. These projects will likely increase your home’s resale value, and you may even be able to recoup some of the costs during the selling process.