Home Improvement During the Pandemic

Home improvement

Home improvement is the repair, maintenance and/or renovation of residential real property, such as a house or garden. It also includes the construction of additions to a house or a building. The term is most often used in the United States, but it may also be applied to non-residential buildings such as garages or sheds. The concept is to improve the value, function or comfort of the house.

Home improvements may include anything from painting and decorating to installing a new kitchen or bathroom. However, it is important to note that not all home improvement projects are considered “renovations.” Generally, to qualify as a home improvement project, the work must be done for the purpose of making the home more functional or attractive.

According to the National Association of Realtors, while professional home improvement projects dropped during the pandemic, DIY renovations soared. This was largely due to homeowners being confined to their homes and looking for ways to both entertain themselves and make their houses more livable.

The most popular home improvement projects during the pandemic included replacing windows, remodeling a kitchen or bath and adding a patio cover or deck. These projects increased a home’s resale value and made it more appealing to potential buyers. In fact, the NAR’s 2022 Remodeling Impact Report found that 84% of surveyed homeowners reported being satisfied with their upgraded homes.

During the boom in home improvement projects, some companies began to specialize in providing services such as arranging financing for these projects and matching consumers with contractors. These firms are known as aggregators and typically charge a fee to the consumer for their services. It is recommended that homeowners compare the prices and reputations of different aggregators before choosing one to provide service for their home improvement project.

When shopping for a contractor to perform a home improvement project, it is important to keep in mind that the quality of the work performed will vary from company to company. It is also recommended that homeowners obtain written estimates from several contractors before making a decision. Maryland law requires all home improvement contracts to be in writing and clearly identify the name, address and MHIC license number of the contractor. It is also recommended that the contract contain a description of the work to be performed and the materials to be used.

When planning a home improvement project, it is essential to stay within your budget. It is easy to get caught up in the excitement of renovating your house and overspend. This can lead to debt, which is not good for your health or your wallet. It is recommended that you consult a financial planner or real estate agent to help you determine the best options for your budget. It is also a good idea to speak with neighbors who have completed similar projects to get ideas and feedback. Finally, remember that if you are going to sell your home in the future, any upgrades you do should not be so expensive that they detract from the value of your property.