The process of renovating or making additions to a home is called home improvement. These projects increase the size, functionality, and value of a home. Depending on the type of improvement, these projects can be very rewarding and cost-effective. If you are looking to renovate your home, you may want to consider the following tips.
Home improvement is the process of renovating or making additions to a home
Home improvement can involve a variety of different projects, including interior and exterior improvements, garage maintenance, and garden work. Some improvements are made to improve the look and feel of a home while others are simply for safety or maintenance reasons. While many homeowners will perform home improvements every few years, some may not need to be replaced for many years.
Before starting any home improvement project, contact your insurance company. It may be necessary to apply for a home improvement permit. Permit requirements vary by city and state. For example, homeowners in a historic district may face stricter regulations. This is because a home may be listed on the National Register of Historic Places or with the State Historic Preservation Office.
It increases the value of a home
Home improvements can raise the value of a home significantly. A working fireplace, for example, can add 12 percent to a home’s value. The amount of appreciation depends on a variety of factors, including location and market popularity. However, most homeowners agree that a home improvement will increase the value of the home.
While there are many home improvement projects that will increase the value of a home, not all of them will have the same impact. Before embarking on any home improvement project, it is crucial to understand the difference between adding value and recouping costs. Before beginning, contact local contractors and residential real estate professionals to get their professional opinion. Moreover, you should look for projects that will appeal to the largest number of potential buyers.
It increases the size of a home
The value of a home is heavily affected by square footage, and adding even just a few square feet can increase the value dramatically. Realtor Angie Martin of Hales and Associates in Overland Park, Kansas, explains that the more square footage a home has, the higher the price will be. She says that the more space a home has, the more potential buyers will notice. Aside from adding a new room, homeowners can also make their home appear larger by finishing the basement, building a deck, or adding a finished space to the house.
It increases the functionality of a home
Home improvement ideas can be done in a variety of ways to improve a home’s functionality. For example, cleaning and decluttering can increase the space in a home, which is very important for a functional living space. If a home is cluttered, it will not be functional. An organized home is free of clutter and clean.