Home improvement is a multibillion-dollar industry that encompasses the construction, repair, remodeling, renovation, alteration, and improvement of residential structures. This includes the construction and installation of appliances, fixtures, furnishings, and finishes such as paints, wallpapers, tiles, carpeting, and flooring. It also includes the repair, maintenance, and remodeling of garden areas, parks, playgrounds, and fences. The industry is driven by consumers’ desires to improve the comfort, safety, and beauty of their homes.
While some homeowners renovate to increase their home’s resale value, most say they do it for their own enjoyment and to better fit their lifestyles. This is especially true during the COVID-19 pandemic when many Americans stayed at home, spending more time on projects like installing energy-efficient upgrades.
Some renovations require immediate attention, such as repairing a leaky roof or addressing flooding problems. These repairs can add up quickly and strain household budgets. Fortunately, many of these fixes can be made with low-cost materials and do not require a professional contractor.
When selecting a contractor, it is important to compare prices and experience. But price should never be the sole factor in deciding which firm to hire for your project. It is essential to consider the contractor’s reputation, reliability, ability to complete the project on time and within your budget, and whether or not they are licensed. Large national and regional chain stores that have home improvement departments are known for their reliable services and standardized processes. However, small and mid-sized firms often offer lower prices and can provide more personalized service.