Home improvement, also known as home renovation or remodeling, is the process of renovating or making additions to one’s home. It includes a wide variety of projects that can be accomplished in both the interior and exterior of the home. Home improvements can include anything from painting and flooring to adding decks and patios.
In 2022, 24.5 million homeowners took on at least one home improvement project. That’s up from 22.2 million in 2019, according to a Harvard University study. Rising materials costs haven’t stopped people from sprucing up their houses. But it’s important to consider whether these upgrades will pay off when it comes time to sell.
Some renovations add a lot of value to your house, while others have little return on investment. The key is to choose upgrades that appeal to a large audience, like a new kitchen or master suite. And make sure to talk to a real estate professional about your plans before you start.
Home improvement contractors vary in price and quality of work, so it’s important to compare quotes before hiring someone. Look for a contractor who has a permanent business address, uses its own employees and stands by their warranties. And don’t be afraid to ask for references and photos of previous jobs. Finally, remember that Maryland law requires contracts for home improvements to be in writing and signed by the consumer and contractor before work begins or any money is paid.