Home improvement, also called home renovation or home remodeling, is the process of improving the interior and/or exterior of a home, including the driveway, sidewalks, and landscaping. Home improvement can be done for a variety of reasons, including to increase the value of the house, make it more livable, or simply to improve the appearance.
Home improvements can be a huge undertaking, but there are many ways to add value to your home without breaking the bank. From refreshing shower areas to laying new tile, there are plenty of projects that can be done by homeowners themselves. But before you start a major renovation, it’s important to consult with a real estate agent about what kinds of projects will actually pay off when it comes time to sell your home.
A home improvement contract must contain a description of the work to be performed and the materials to be used, as well as approximate dates when the performance of the home improvement will begin and when it will be substantially completed. It must also include any warranties that the contractor is offering.
Despite the elevated prices for building materials, the majority of Americans plan to complete at least one home improvement project this year. But before you pick up a power drill and tear down a wall, be sure to check in with your insurance agent to see if you need to update your policy. Because as your house appreciates in value, your old policy may not offer enough coverage.