Home Improvement 101

Home improvement is the process of renovating or repairing the interior or exterior of a house. It also refers to the work done on a building to make it safer and more comfortable to live in, such as adding insulation or replacing an old roof.

Some homeowners use their tax refunds to complete home improvements. Others do it to increase resale value or make their home more livable for growing families. Regardless of your reason, it’s important to plan carefully before diving into a project. That way, you’ll get the best results and avoid costly mistakes.

Certain things are certain in life, like death and taxes — and a long list of must-do home improvement projects. These can include repairs to damaged or outdated features, such as a leaky roof or outdated kitchen. Other projects, such as installing a smart thermostat, can help reduce energy costs and may boost your home’s resale value.

Before starting any projects, make sure you have a budget in place. A good rule of thumb is to have enough money saved up to cover a few months’ worth of living expenses. It’s also a good idea to speak with an expert before committing to any major renovations. A real estate agent or contractor can offer advice on what features will add the most value to your home and which ones might cost more than they’ll pay off when you sell. Finally, never put yourself in debt to complete home renovations. That kind of debt can take years to pay off, and you’ll end up paying more for your remodeled home in the form of interest charges.

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