Home improvement is the process of repairing or renovating your home to make it more comfortable, functional, safe and attractive. It includes projects such as electrical, plumbing and masonry work, garden or garage maintenance/additions and more.
A home improvement project can be as simple as painting a room, or as complex as adding a new bathroom or an entire kitchen. Whatever the project, it’s important to plan and budget ahead for your work.
If you’re not sure about what your project will cost, check with your local building and codes office to get an idea of the average prices for similar projects. You should also make a thorough list of all the things you want done so you can negotiate with contractors and lock in firm prices.
When planning a renovation, it’s a good idea to get quotes from several contractors to see which ones have the best pricing. It will help you decide which contractor is right for your project and ensure that you’re not overpaying for your work.
Do-it-yourself: A growing number of homeowners are taking on some of their own projects instead of hiring a professional. DIY home improvement spending accounted for 20% of all home improvement projects in the 2021 survey period, up from 18% in the previous two-year period.
Homeowners are relying on money they have saved to fund some of their home improvements. However, many of them will also use a credit card to finance their projects.
