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The Rise of the Home Improvement Industry: A $450 Billion Market

Moreover, it is also one of the cheapest investments in your home, that will make big changes. Even adding some additional lamps or bulbs will give your home a completely new dimension and make it luxurious. On the other hand, you may also consider the idea of adding a few candles to it as it will give it a warmer sense and make your bathing more comfortable and relaxing.

  • Though the first name which pops into your head might be exceptional, it is not wrong to consider other options.
  • Leslie Cook is Money’s lead mortgage reporter covering trends in the housing market, mortgage rates and real estate.
  • Buyers in NAHB’s survey prefer white (24%) or brown (17%) for the front door, but designers often recommend a bold color such as powder blue, forest green, or buttery yellow against a neutral exterior.
  • Most professional contractors will work with you to clean up after a renovation project, but some still leave dust and debris behind.
  • “Our clients want gyms in their leisure properties,” says designer Mazen El-Abdallah, who predicts a jump in home gyms with five-star facilities (post-workout sauna, anyone?).
  • Visit the Home Improvement Showcase presented by the National Association of the Remodeling Industry, NARI, Saturday, May 14 from 10 a.m.- 5p.m.

Remember, not every “improvement” will add value to a property as they may not be to the taste of everybody. You might enjoy a hot pink bathroom or a 70s style kitchen, but these changes are likely to be too personal to increase the property’s value much, if at all. Of course, if you plan to live in the house in the long-term, this is less important, but if you are thinking of selling then renovations in more neutral colours are more likely to add more value. There are certain improvements that you can make to your home that don’t take any time at all. If you see anywhere where you can fix the interior design of your home, do it. Even if it’s a simple fix, you will still add value to your home in virtue of the fact that it simply looks better in there.

Another option is to add a bathroom to your home, especially if you only have one to begin with. Homes with multiple bathrooms are a hot commodity in the real estate market, and you’ll likely appreciate the convenience as well. No matter how much time you are willing to dedicate for your next home improvement or remodeling project, there are numerous options to allow you to take your home to the next level.

Home Cleaning Tips That Can Help You Sell Faster

More buyers are willing to pay more for a home if they think it will save them in annual utility costs, the NAHB says. In fact, 57% would pay $5,000 or more, on top of the asking price, to save $1,000 a year in utility costs. Baum says that more buyers in her area like the look of luxury vinyl planks, or LVP, in gray or espresso. These run about $5 per square foot but are less expensive and sturdier than hardwood.

Easy Home Improvement Tips that Create Instant Appeal

It is also a stockist of RotoSpa hot tubs (because what alfresco party is complete without a dip in the bubbles?). Hence why we have included AC Plumbing House & Home Improvement and Heating Solutions within our list. The business has over 35 years experience in the trade in Bristol, Bath and the surrounding areas.

That’s about 71% ROI compared to recouping about 56% of expenses for a major kitchen overhaul. The amount of dollar value a pool adds to a home rose 69% from pre-COVID to 2021, such that now you can expect a house with a pool to sell for an estimated $27,199 more than a house without one on average. If the pool is paired with an inground hot tub, buyers will pay an estimated $7,000 more. Curb appeal entices buyers before they even enter your home. For starters, attractive landscaping implies that you maintain your home. In fact, a 2021 survey of HomeLight’s top agents found that on average, buyers will pay 7% more for a house with great curb appeal compared to one with a neglected exterior.

Put out the flags, decorate your porch for the Fourth of July, enjoy some fireworks, but don’t forget to give back. Volunteer at a local fireworks show or festival, or send a care package to a member of the military. A new deadbolt, either mechanical or smart, is an excellent place to add more home security. Whatever you choose, look for ways you can connect all your devices. Some smart locks are compatible with doorbell cameras and security systems to make protecting your home even easier. This includes smoke and carbon monoxide detectors as well as fire extinguishers, radon detectors and smart locks.

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