Whether you’re looking for interior or exterior upgrades, a new driveway, or just some maintenance, home improvement projects can improve the value of your home and keep it safe. These improvements are often tax deductible and can also be an enjoyable family activity.
When you’re considering hiring a contractor, it’s important to find one that is reputable and honest. You should also check his or her insurance and references. You may want to ask friends and neighbors if they’ve used the contractor before.
In addition, you should make sure that the contractor has a license. The best places to find a licensed contractor are in your state or city. You can also check with the Better Business Bureau or Consumer Affairs.
You should also be aware of the type of home improvement project you’re planning to do. For example, remodeling an existing room, or making an addition to your home, are considered major home improvement projects. These types of renovations will add value to your home, and you should document all of your receipts to show your home’s resale value.
The number of home improvement projects planned by homeowners is expected to rise. About 40 percent plan to start their first project in 2021, and nearly three-quarters expect to do more than one project.
The home improvement market is characterized by high penetration of physical stores. These stores provide affordable products and know-how for remodeling projects. In addition, these retailers sometimes set the trends for new home designs.