Home improvement is a popular pastime for many homeowners. It can be as simple as painting walls or building shelves, or it can involve a major renovation project. In addition to adding beauty and function to a space, it is also a great way to reduce energy costs. However, it is important to know which home improvements will add value and which ones are a waste of money. This article will explore some of the best and worst home improvement projects to help you decide what projects are worth investing in.

One of the most common reasons people undertake home improvement projects is to make their homes more attractive. The good news is that most of the time, this will actually increase a property’s value. The bad news is that it isn’t always possible to get back the investment in a remodel or renovation. Some projects have a higher return on investment than others, but even the most expensive projects don’t always recoup their costs.

The Home Improvement Industry

In the early 1990s, highly successful home improvement shows began to blur the distinction between what had been a largely male realm of carpentry and construction work, and what had been a primarily feminine sphere of interior decorating and design. In the decades that followed, home improvement projects became a popular leisure activity for both men and women, whether done solo or with a partner, friend, or family member. This trend was accelerated by the advent of the internet, which allowed homeowners to access a wealth of DIY information and materials online.

While some home improvements may not provide a return on investment, they are often necessary to maintain the safety and function of your home. For example, a leaky roof or worn doorknobs can lead to damage and loss of value. Other upgrades can help reduce energy costs, such as installing new windows or a heat pump. These are projects that will typically recoup the cost of the installation in lower utility bills.

Some home improvements may not add a lot of value to your home, but they will make it more comfortable and functional for you and your family. These might include adding a second bathroom, or remodeling the kitchen to create a more open and functional space. Other projects might be more personal, such as creating a home gym or adding a deck. However, a poorly designed or executed upgrade might not appeal to potential buyers and could decrease your resale value. It is important to consult with a Realtor about what projects will add the most value and how to proceed. Be sure to select a reputable and experienced contractor, check their references, and verify that they have liability insurance before beginning any work on your home. It is also a good idea to consider working with an aggregator, which can provide you with several quotes from different service providers. This can help you find the best services for your needs at a competitive price.