Home Improvement – How to Maximize the Return on Investment of Home Improvement Projects

Home improvement

Home improvement is a great way to add value to your home. It can include interior upgrades, exterior upgrades, landscaping, and more. Whether you are planning a major renovation or just want to update your home, it is important to consider the return on investment of any project.

A recent Axiom survey found that over half of consumers plan to do their own home projects in 2021. Many also plan to hire contractors for all or part of the job.

For example, a lot of homeowners plan to repair decks and patios. These projects can be costly, but they can help increase the resale value of your house.

Another great thing to consider is the ROI of home improvements that involve energy efficiency. Depending on the project, the return on investment can range from 150% to 1,000%.

Another great option is to finish an unfinished space. You can add a bonus room, finish your attic, or even finish a basement. If you’re unsure, ask a real estate agent for help.

In addition, you should check the insurance and references of any contractor you are considering. There are many unlicensed companies out there. Some are members of reputable associations and certified by professional organizations.

The market for home remodeling has gone through a sharp upswing over the last two years. It’s now expected to peak in the early months of next year, according to the Harvard Joint Center for Housing Studies.

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