Home improvement is any construction, alterations, modification, repairs or replacements that add value to the home. These improvements include but are not limited to painting, resurfacing of pavement and driveways, installations of any kind, porches, garages, gazebos, swimming pools and landscaping. A home improvement project can also involve repairing or replacing windows, doors, roofs, sidings, heating and air conditioning equipment, carpeting and wall-to-wall rugs.
In addition to adding value to your home, making a few simple DIY home improvement projects can make your home more comfortable and beautiful. Painting, re-grouting tile and power washing your house are just a few of the many affordable home improvement ideas that can increase your curb appeal without breaking the bank.
Regardless of the size and scope of your home improvement project, it is important to choose a qualified contractor. When choosing a contractor, always receive multiple estimates and compare prices as well as experience, reputation and the length of time they have been in business. You should also check the contractors licenses and insurance coverage before hiring them. A reputable contractor will provide you with a written contract before starting any work and will have their name, address and MHIC license number preprinted on the contract.
According to experts, a kitchen remodel can be one of the best ways to improve your home. However, the cost of a major kitchen remodel can be prohibitive for some homeowners. However, there are many small kitchen remodeling projects that you can do yourself that will make a big difference in the look and feel of your kitchen.
A bathroom is another area in the home that can add significant value to your home. Adding a new vanity, replacing old fixtures or adding a glass shower can greatly improve the look and function of your bathroom.
If you have children, a bedroom addition is a great way to create additional living space for your family. Adding an extra bedroom, playroom or den can give your family more room to relax and enjoy your home.
When considering a home improvement project, it is important to consider the return on investment and the joy that you will get from the project. However, it is also important to think about how much you will spend on the project and whether or not you have the money saved to complete the renovations.
Ideally, homeowners should try to save as much money as possible to fund a home improvement project. However, if you do not have the savings to cover a large project, there are many financing options available that can help. However, you should never finance a home improvement project using credit cards or draw on your emergency fund. This can put you in financial trouble if you are unable to pay back the debt. It is also a good idea to talk to a tax professional about the tax implications of your home improvement project. A professional can help you decide if the expense is deductible as a capital improvement or as a regular repair and maintenance expense.