Home improvement, also called house renovation or renovation, is the process of making changes to a residence. These can include remodeling or adding onto a house, improving the yard, and building structures such as decks, fences, or sheds. Home improvements are often done to make a residence more comfortable, up-to-date, or functional. They may also be performed for resale purposes or to increase the value of a home.
A popular and relatively inexpensive home improvement project is painting. Repainting a house usually costs less than $2,000, but can greatly improve the appearance of a home. It is important to prepare a plan for any home improvement projects and carefully research contractors before hiring them. In New York, home improvement contracts must be in writing and signed by the contractor and the consumer before work begins. The contract should include a payment schedule, and as many specifics as possible on the type or brand of materials to be used. It is illegal for contractors to accept more than 1/3 of the contract price as a deposit.
Some of the most expensive home improvements are those that add living space, such as an extra bedroom or a bathroom. These additions are usually more popular with families and can greatly increase a house’s resale value. It is often a good idea to consult with a real estate agent before undertaking any major house renovations to ensure they will add value and appeal to a potential buyer.