Home improvement is a popular pastime among homeowners. Whether it’s updating a kitchen or adding an extra bedroom, homeowners love to make their houses feel like their own. But when it comes to actual renovations, it’s important to consider a few things before breaking out the hammer and nails. This includes determining what renovations will add value to the house and which might end up costing more than they’re worth.
It’s also important to choose contractors carefully. Whether you’re working with an aggregator or choosing a contractor directly, make sure they’re licensed and insured. Licensed home improvement contractors are vetted by a governing body and must carry liability insurance. It’s recommended to ask for references and perform an online search on potential contractors before hiring them.
Ultimately, the best home improvements are those that maximize functionality and enhance aesthetic design. Updated bathrooms and kitchens are always a safe bet, as are any projects that increase square footage (such as a basement finish or a deck). But buyer preferences differ from market to market, so be sure to focus on what’s most valued in your area.
When in doubt, it’s a good idea to consult with a real estate agent for help determining which projects are most worthwhile and which may not pay off come resale time. And don’t forget about routine maintenance! Neglected fixes, such as sealing gaps around doorknobs and cleaning out rain gutters, can add up to a significant amount of money saved.
