Home improvement, also called home renovation or remodeling, is the process of improving the interior or exterior of a residential building. This includes repairing, remodeling, or altering rooms inside the home such as kitchens, bathrooms and bedrooms. It also includes finishing basements, putting on new roofs, and painting or staining wood surfaces. Other common home improvement projects include adding insulation, installing energy-efficient windows, and replacing doors. Depending on the project, it may require professional help.

The home improvement industry has seen solid growth in recent years, particularly during the COVID-19 pandemic. However, some experts believe that the market has peaked and will start to decline in 2024.

Many homeowners are taking the opportunity to spruce up their homes, especially with the low interest rates and the desire to make their living spaces more functional and comfortable. While some of the most popular home improvement projects, like upgrading kitchens and bathrooms, offer a great return on investment, it is important to carefully consider which upgrades will add value to your home and appeal to potential buyers.

Generally speaking, home improvements that make a house stand out from others in the neighborhood are more likely to increase its value. For example, adding a swimming pool or built-in BBQ might be a great addition to your property, but it is unlikely that these features will attract buyers who are interested in your neighborhood. It is also a good idea to avoid making overly personalized renovations, such as adding your own personal touch to the kitchen or bathroom, which might deter potential buyers.