Home improvement is the repairing, remodeling, altering, renovating, restoring or modernizing of a residential building. It also includes the addition to a residential building and the conversion of commercial buildings to residential use.
Many homeowners undertake home improvement projects with the goal of adding value to their homes. Often they dream of a state-of-the-art kitchen, a finished basement or even a swimming pool. However, a big mistake is jumping into a renovation without a plan or budget. A poorly executed project can actually reduce a house’s value, rather than increase it.
For example, if you replace your living room carpet with an exotic tile that’s hard to match, you risk alienating potential buyers. Similarly, an over-personalized bathroom will turn off most people, according to real estate professionals. If you’re planning to sell your home in the future, consider asking a real estate agent about which improvements will make the biggest impact on buyers.
One of the most cost-effective ways to add a touch of class is by installing crown molding. It’s also an easy DIY project that can transform a room, and you can choose neutral shades that will appeal to most people. Another simple way to add instant elegance is by replacing cabinet or closet knobs with something more decorative. The added touch will give your home a fresh, updated look and feel. You can also add a personal touch to your lighting by using decorative light fixtures or wall sconces.