Home improvement is an ongoing project for many homeowners. Whether you’re fixing a leaky faucet or planning an entire kitchen remodel, there are countless projects that can keep you busy for years to come. However, it’s important to understand the difference between projects that add value to your home and those that don’t.

Homeowners spent a record $580 billion on home improvements this year, according to Harvard University’s Joint Center for Housing Studies of America. People age 55 and over are the leading force behind that spending.

When deciding on which home improvements to make, look for upgrades that can reduce your utility bills. Adding a smart thermostat, for example, can help you save money and improve your home’s energy efficiency. Other projects that add value include installing energy-efficient appliances, adding insulation, and replacing old windows.

If you are planning to sell your home in the future, it’s worth considering which improvements will add the most value. Return on investment varies widely, but a few key factors to consider include the scope of the work and how it will affect your home’s curb appeal. It’s also a good idea to choose neutral upgrades that will be attractive to buyers.

No matter which projects you decide to tackle, it’s important to hire professionals that can provide quality results and complete the job on time. Checking for licensing, insurance, and references are just a few of the steps you can take to protect yourself from unscrupulous contractors.