Home improvement refers to a range of projects that are carried out to improve or enhance the home. Examples include landscaping, painting, and adding an addition. It can be a cheap or expensive project, but it can also make a big impact on the home’s resale value.
Most homeowners plan to do some work themselves, while others are going to hire contractors. The most popular home improvement categories involve work done outside of the home, such as landscaping and deck construction.
Those who are going to do a lot of home improvement may consider a home equity loan. These loans are typically secured by a second mortgage. They require a minimum 20% of the home’s value as collateral. This can be a great way to borrow money, although it is more time-consuming than applying for a personal loan.
One of the largest home improvement projects is foundation repair. These repairs are performed by carrying beams, joists, and other materials to fix the weakened walls in your home.
When looking for a contractor, it is important to check references and licensing. Also, make sure the contractor has insurance coverage for your property. If you are unsure about your contractor, you can ask for a referral.
When planning your remodel, it is best to draw up a “yes” and “no” list to determine which projects you are interested in. Taking the time to do this can help you avoid running out of money in the middle of your project.