Getting your home upgraded is a good investment. Home improvements range from minor repairs to major rehabilitations. Whether you decide to do it yourself or hire a contractor, it is important to choose wisely.
You may be interested to know that the average American spent a record amount on home improvements last year. Home improvement spending was up 4% on an annual basis, a number that is expected to continue climbing.
Among the most popular categories are do-it-yourself work, landscaping, and exterior work. These projects can cost thousands of dollars. However, with the right financing, you can pay for them in one lump sum or over time.
There are many types of home improvement loans. While they all have different requirements, they can be used for everything from energy-efficient upgrades to room remodels. You can also find home improvement credit cards that let you pay for smaller projects with minimal interest.
The Axiom survey from Minneapolis marketing firm Axiom asked consumers about their home improvement plans for 2021. The survey found that consumers were most interested in upgrading their outdoor area, building a patio, and repairing a deck.
The Harvard Joint Center for Housing Studies has predicted that home remodeling will hit a peak in 2019. But the growth rate will slow down in the coming years.
The best way to find a competent contractor is to look for recommendations from friends and family. It’s also important to make sure that the contractor you hire is licensed. You can find out if they have a license in your state by asking your state’s department of consumer affairs.