Home improvement is the process of renovating or making additions to one’s home. This can include refinishing, painting, landscaping, and adding a deck or fence. Typically, anything that increases the value or quality of a property is considered home improvement. Some projects may even require a permit from local authorities. Depending on state laws, the contractor you hire for your project could be required to pay sales tax on their labor.
Whether your motivation for remodeling is to improve comfort, add convenience or functionality, make a home safer or more energy efficient or increase resale value, the right home improvements can make all the difference. It is important to carefully plan your projects to ensure they are within your budget and will return the most value when you decide to sell.
When it comes to resale value, it’s important to avoid those projects that will only give you a low return on investment, such as adding a pool or installing custom light fixtures. Instead, focus on those that will provide you with a high ROI, such as a mudroom or home office. It’s also a good idea to think about the safety and livability of your home when planning your projects, especially with children. For example, installing a new kitchen island with a stovetop and sink can be very dangerous for young children who might accidentally fall or get burned on the hot surfaces.