Home improvement, also known as home renovation, is the process of renovating one’s existing home interior or exterior. This can be a large project, such as a complete kitchen or bathroom remodel, or a smaller one like adding under stair storage or a new front door. It can also include landscaping or other outdoor projects, such as a fence construction or a deck installation.
There are many benefits of completing a home improvement project. Not only does it increase the enjoyment of one’s home, but it can also improve resale value or make the property more marketable to potential buyers. The types of improvements that will add value to a home are generally those that will increase the home’s curb appeal and functionality, such as an updated kitchen or master suite, says Steckel.
Other popular home improvements include painting the outside of a house, sanding and repainting a wooden deck, installing new windows or doors, and replacing old flooring or fixtures. Some homeowners will even take the opportunity to make a small landscaping project, such as planting a garden or shrubbery, if they can afford it without increasing their mortgage. It’s a good idea to talk with a real estate agent in your area to determine what improvements will boost your property’s value the most.