Home improvement is anything you do to improve the look, feel or functionality of your house. It includes renovations, repairs, landscaping and remodeling. It can be as simple as repainting a room or as complicated as adding an addition to your home.
The popularity of HGTV shows like Fixer Upper and This Old House has fueled interest in the topic. But it’s one thing to watch the experts at work and another to actually tackle a DIY project around your home. Whether you’re just looking to add some flair to your home or you’re considering an eventual move, it pays to think about the return on investment for any changes you plan to make.
It’s easy to get caught up in the excitement of a new kitchen, bathroom or backyard and overspend on costly materials. This can be a problem because the amount of money you get back on a renovation depends on how much your home’s value is in relation to other homes in your neighborhood.
To maximize your home improvement dollar, consider skipping the expensive details and opting for more affordable alternatives instead. For example, you can spruce up a bath with a new standalone tub and unique wallpaper rather than an all-out remodel. Also, skip the fancy shower doors and frameless glass enclosures, and stick with standard fixtures to save on costs. You can add a luxurious feel by refreshing the room with new ceramic tile and adding a fresh coat of paint.