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Adding an extension to a house

Home improvement boom set to continue this year

For quick touch-ups on existing sinks, toilets, and tubs, consider hiring a surface-restoration company that recoats ceramic, porcelain, and fiberglass fixtures so they look like shiny new porcelain. As you look around your home and wonder which updates are worth making, consider whether the project would help a buyer see your place as somewhere they want to live. Baum said because of the winter weather in her area, a paved driveway puts homes ahead of the competition. Likewise, having an outbuilding or detached garage for farm equipment, extra cars, motorcycles, or other vehicles is desirable. Buyers often ask when the HVAC was installed or replaced, as well as if the home has a tankless hot water heater, Russell says.

  • Download this FREE guide for installation advice, automation control options, options for every window and a planning checklist.
  • Finishing a basement will run you $18,400 on average, but can cost up to $34,000, largely depending on your square footage.
  • The good news is, you could score a lower interest rate with one of these types of loans compared to a personal loan or home improvement loan.
  • Those are the homes that often get “multiple offers at or above list price.”

If so, you’ve now fully immersed yourself in the home improvement culture. Instead of reading fashion magazines and splurging on nice cars, your dream purchase is…hard House & Home Improvement wood floors! You also have to subtract subsidies from utility companies for making energy-related home improvements or energy-efficiency tax credits you’ve received.

“You’re adding more heated square footage,” explains top Atlanta real estate agent Leighann Russell, which bumps up your house into another price bracket. Home offices and outdoor spaces, for example, are now extremely coveted features. Our newest list of home improvements that add value takes these recent trends into account and incorporates specific product suggestions, updated for 2022. A personal loan for home improvement is an option, but it’s one of the worst ways to pay for home improvements. High interest rates, short repayment periods, and lower loan amounts all contribute to personal loans not being ideal for home improvements. Rates for cash-out refinancing are favorable right now, so you may be able to get the funds you need for your home improvement and save on mortgage interest.

In addition to being a contributing writer at Forbes, she writes for startups and content agencies. Through her design expertise, she provides decor lovers the tips and resources they need to create the home of their dreams. This will extend to sustainable building materials and energy-efficiency improvements. In 2022, we’re likely to see materials such as bamboo and cork flooring, recycled steel sidings and glass.

Repair or replace any old, rotting boards or broken pavers, and strip flaking paint and stain. Sprucing up your existing outdoor structures is a low-cost way to increase your home’s appeal to buyers and add to the overall desirability of your property. Hellamaid offers professional post-construction cleaning services to Canadians in South Ontario. Trust licensed and bonded professional house cleaners to put everything back in order after your home improvement project. Our highly trained and experienced cleaners treat your home like their own, ensuring that your space is properly cleaned and disinfected. With our convenient online booking system, you can schedule your professional post-renovation cleaning service from anywhere at any time.

Minor bathroom remodels have a 102 percent average return at resale. A bathroom remodel can cost anywhere between $3-$15k depending on how much you are redoing, the size of the bathroom and the materials. Some homeowners will replace the toilet and sink, but leave the floor, walls and cabinetry.

New home DIY tips

Carefully demolish all or some of the areas of the house that will be renovated. Demolish as much as possible if you will not be living in the house. Deane Biermeier is an expert contractor with nearly 30 years of experience in all types of home repair, maintenance, and remodeling. He is a certified lead carpenter and also holds a certification from the EPA. Deane is a member of The Spruce’s Home Improvement Review Board.

The term extends to the conversion of existing commercial structures into residential or noncommercial property and includes any of the above activities performed under emergency conditions. “Home improvement” shall also mean the installation of home improvement goods or the furnishing of home improvement services. Available in a variety of designs, colours and finishes, our double glazed upvc windows and doors offer options to create a traditional elegant look or a modern style with low-key clean lines.

“If the project adds structural renovations or makes it easier for additional projects to take place, then yes, it will add value to your home,” says Steckel. Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.