Home improvement is a great way to increase the value of your home. The process includes repairs, improvements, additions, and upgrades. This could include painting, adding a deck, installing new windows, and repairing or upgrading a kitchen or bathroom.
The home improvement market has seen substantial growth over the past several years. The recent entry of private labels has increased competition in the market. While many consumers are happy to do most of their own projects, many still hire a contractor. It’s important to verify a contractor’s credentials before proceeding. A licensed contractor must pass a test regarding the law pertaining to home improvements. You may also want to check out a CPA’s opinion.
According to the Axiom survey, homeowners have a lot to be proud of in the home improvement space. Nearly 40 percent of respondents plan to begin their first project in the next two months. The majority of those projects are in the outdoor space. A new front door and landscaping are among the most popular home improvements.
One of the best ideas is to turn a home improvement into a family activity. A new deck or patio can be pressure washed, repainted, or added to as part of a larger remodeling or building project. The Axiom found that more than half of all survey participants plan to do a home improvement project that will improve the overall quality of their lives.
Another good idea is to look for cashback rewards on your purchase. Some stores offer cash back programs for home improvement. You can apply for a credit card that offers a 0% APR for the first year. This is a better option than taking out a loan for the project.
A home improvement credit card might be a good solution if you only have to make a few minor upgrades to your house. However, if you are planning to remodel your whole house, your best bet might be a personal loan. This is because your loan will be secured by the value of your home. It can be repaid over a five to 30-year period. It’s a good idea to shop around for the lowest rates.
Aside from a few of the more extravagant renovations, the cheapest improvements you can do to your home are simple maintenance tasks such as cleaning the siding or sprucing up the garden. These are simple, cheap, and effective ways to give your home a fresh new look.
The other big home improvement trend is the increasing popularity of at-home entertainment centers. This is due in part to the pandemic. While it may not be a high-end upgrade like a marble bathroom or granite countertops, a movie theater or game room can provide a fun and safe environment for you and your family.
The home improvement market will continue to grow. Aside from increasing the resale value of your home, you’ll enjoy a better quality of life. As long as you do your research and make an informed decision, a home improvement project can be a rewarding experience.