Home Improvement – How to Make Your Next Project a Success

Home improvement is a popular pastime, and there are many ways to spruce up your place without breaking the bank. From small, budget-friendly DIY projects to full-blown remodeling jobs, the options are limitless. Here are some tips to help you make your next project a success.

The three certainties in life are death, taxes and, if you’re a homeowner, home repair and home improvement projects. These inevitably crop up, whether they’re the result of a leaky roof or a basement flood. In fact, homeowners have been taking on more of these “can’t-wait” projects than ever during the COVID-19 pandemic. As a result, they’ve spent $522 billion on their homes in the two-year period covered by the 2021 American Housing Survey.

That amount equates to roughly 135 million projects, which is more than double what the Census Bureau reports for the previous two-year period. What’s more, despite the recent slowdown in home sales and mortgage refinancing, most American homeowners say they plan to undertake even more renovations over the coming years.

In a NerdWallet survey, 3 in 5 respondents report having done at least one home improvement project since March 1, when the pandemic began. The most popular projects were painting a room (47%) and replacing light fixtures (25%). Meanwhile, homeowners have also been putting in decks (38%), building sheds (20%), and constructing fences (14%).

Those who’ve completed home improvement projects report enjoying them more than they expected, and about half of those reported that they were “very satisfied” with the results. In addition, the projects that homeowners felt brought them the most joy were repainting a room and refinishing or installing wood floors.

One of the main reasons why homeowners feel so confident about taking on more projects in the future is rock-bottom interest rates. That’s especially true for those who plan to finance their renovations through a loan or line of credit.

As with any major purchase, it’s important to carefully compare contractors when choosing someone to work on your home. The quality of the job they do, as well as their price tag, will determine your satisfaction level. When choosing a contractor, consider their reputation, business references and length of time in the industry, as well as their prices.

It’s also helpful to get multiple estimates before making your final decision. You may find that contractors vary in their ability to complete a project on time and on budget, as well as their customer service skills. Some companies, such as home aggregators, may offer lower prices than others but can’t guarantee the quality of the work they perform or stand behind their warranties. Ultimately, the best way to ensure a smooth home improvement experience is to hire a local contractor who has a physical office in your community and a solid track record of customer satisfaction.