Home Improvement – Getting the Most Out of Your Money and Time

Home improvement

Home improvement is the process of repairing, remodeling or renovating a home. Home improvement can include a wide range of projects, including painting, resurfacing your driveway or garage floor, installing windows or doors and building an addition. These improvements can increase the overall value of your home. However, not all home improvements are worth the time and expense. Before you begin any work, determine what improvements are most important to your long-term happiness in the house and which ones will add the most resale value.

Many homeowners have lists of home improvement projects that they want to tackle. But with limited funds and time, it’s important to prioritize which projects will give you the most bang for your buck. It’s also important to understand how much a particular project will cost before beginning work. Fortunately, there are several ways to finance home improvements, such as using a mortgage broker or a credit union. By focusing on the lenders most likely to provide the type of loan you need, you can reduce your stress and improve your chances of getting the job done well.

While some home improvements are costly and time-consuming, others can be inexpensive and make a significant difference in the look and feel of your living space. Replacing carpeting, flooring and paneling was one of the most popular home improvement projects in 2017. But even a fresh coat of paint can brighten up a room and freshen up your entire house.

Remodeling is a great way to increase the value of your home, but it’s crucial to choose projects that will appeal to the majority of potential buyers. For example, while you may love your bathroom’s marble flooring, a potential buyer might prefer something more practical, like hard-wearing vinyl or tile. It’s also helpful to remember that buyer preferences vary from market to market, so be sure your renovations are in line with local trends.

Before hiring a contractor for your home improvement, get multiple estimates from qualified companies. Be sure to compare all factors, including price, experience, reputation and length of time in business. Also, be sure any contracts for home improvement services are in writing and signed by both parties before work begins. If you live in New York state, the contract must contain a description of the work to be performed and the materials to be used. In addition, the contract must include a statement that the contractor is exempt from sales tax for material costs because the work meets the definition of a capital improvement. Otherwise, the contractor must charge you sales tax on the full amount of the contract. The law requires that contractors keep records of all work they perform for at least three years. This includes receipts, contracts, warranties and correspondence related to the work performed. These records will be useful if any disputes or complaints arise. Homeowners can request copies of these records from their municipal building department or from contractors who have filed for a home improvement license.