Home improvement is a way to add value to your house and make it more comfortable. The projects can be small or large, but the important thing is to plan them carefully and have a clear vision for the finished product. Some experts recommend hiring a professional to do the work, but many people prefer to take on the DIY approach.
While there are a few certainties in life, homeownership is one of them: you’ll constantly be faced with repairs and improvements that need to be done. Some can’t wait, such as a broken water heater or a mold infestation. Others, such as a roof leak or a sagging foundation, can be costly to fix and can cause serious damage if left unattended.
That’s why it’s important to prioritize projects that will increase your home’s value and be ready to sell in a reasonable amount of time. Upgraded kitchens and bathrooms are always good choices, as are projects that add living space, like a second bathroom or a finished basement. However, buyer preferences vary from market to market and from neighborhood to neighborhood, so it’s important to talk to a local real estate agent about the types of renovations that will be most popular in your area.
Other projects that can help increase your home’s value include energy-efficient upgrades, such as a new heat pump or additional insulation. These types of projects can decrease your home’s energy costs and often pay for themselves over time. Plus, they’re an excellent selling point when it comes time to sell.
In the current economic environment, most homeowners are looking for ways to save money and get more value from their homes. With inflation high, it’s not realistic for many to take on expensive home improvement projects. Instead, they’re focused on making smaller changes that will improve their homes’ aesthetic and functionality.
Experts expect more repair and maintenance projects to top the list of home improvement trends in 2023. In addition, more homeowners will be working on projects that increase their homes’ overall and long-term value. Energy-efficient upgrades are expected to be a big trend in 2023, as more and more homeowners realize the financial benefits of these improvements.