Home improvement is the concept of improving the interior or exterior of one’s home. Home improvement projects can include a wide range of things such as remodeling or renovating a kitchen, bathroom or bedroom, adding space by building an addition onto the house, installing new landscaping or paving stones, upgrading heating and cooling systems, painting or coating the house and so on. Home improvement can also refer to a television series or a show where people renovate their homes, such as the popular 1990s sitcom Home Improvement.
Many homeowners have plans to improve their homes over the next few years, according to a NerdWallet survey. Some are planning small projects, such as painting or updating light fixtures. Others are considering larger projects, such as renovating a kitchen or adding a master suite. However, it’s important to keep in mind that the ROI on these projects can depend on nearby home values. If you plan to sell your home in the future, it’s best to talk with a real estate agent about which improvements are likely to increase your property value.
Although a few high-end renovations may make your house stand out, most of the improvements you’ll be making won’t be targeting potential buyers. According to a NAR report, just 20% of homeowners who are considering home improvement projects say they’re doing so to make their homes more appealing to prospective buyers. The majority cite other motivations, including making their houses more comfortable and feeling satisfied with them.