Home improvement is the repair, replacement, remodeling, alteration, conversion, or improvement of residential real property such as a house, apartment, condo, or townhouse. The industry encompasses retail and non-retail sales and services, such as equipment rental, installation, and maintenance. It includes work done by contractors and tradespeople.
Some home improvements are meant to add value at resale, while others improve the quality of life for current homeowners. Talk to a real estate agent to see what renovations will bring the best return.
The amount of money you spend on renovations can have a big impact on the market value of your home. Some projects, such as a new kitchen or bathroom, are generally considered to be the most valuable upgrades for sellers. Other upgrades, such as a swimming pool, are less likely to increase your home’s resale value.
It’s important to choose a trustworthy contractor for home improvement projects. Get a referral from friends and family members or search online for reviews. Check out their licenses and insurance. Before hiring a contractor, you should have a written contract that details the work to be performed, a payment schedule, and any warranties. A written contract is required by law in many states, including New York.
Home improvements can be a great way to make your house more comfortable and attractive. However, it’s important to choose wisely and not go into debt. A poorly-planned project can make your house more difficult to sell.