Home improvement can be an enjoyable pastime, but it’s wise to be wary of any possible legal or financial implications associated with home improvement projects. Following some simple precautions can help protect you against being taken advantage of or making costly errors.

Home improvement encompasses an expansive spectrum of work designed to make your house more comfortable and functional, from painting or re-grouting tile, to more extensive projects such as adding an additional bathroom or remodeling the kitchen. Some projects can be more costly and may even necessitate hiring professional contractors; it is crucial that your budget and goals be considered before initiating any improvement projects.

Homeowners sometimes renovate to increase the resale value of their house. Unfortunately, not all renovations add resale value; some can actually decrease it! Read on to discover which improvements are worth investing in; which are less valuable; and which renovations should be handled by professionals.

Before hiring a contractor for home improvements, always double-check their credentials and references. For optimal results, use an aggregator service that offers prescreened contractors in your area, performing background checks as well as verifying licenses and insurance. With such assurance of reputable contractors available at your fingertips, hiring the best one should not be daunting!

While more Americans may be staying put during this pandemic, others are spending their free time improving their homes through home improvement projects. A recent NerdWallet survey shows that three in five homeowners have undertaken home improvement projects since March 1; many outdoor-related tasks have seen increases such as deck construction (275%); hiring landscapers (23%); and fence construction (144%).

NerdWallet notes that television shows like This Old House and Bob Vila have inspired an increase in DIY activity. These programs feature homeowners renovating or beautifying their homes with professional contractors; yet their projects may serve as inspiration to those who wish to tackle projects themselves but lack the skills, money or tools.

Home improvement can be both enjoyable and financially advantageous in the long run, helping your property retain value and function better. Energy efficient projects are particularly popular. Examples include new windows, heat pumps and insulation upgrades which will decrease energy costs over time and pay for themselves over time. Other high return projects may include installing front doors, adding outdoor living spaces or updating kitchen or bathrooms; upgrades such as these not only increase curb appeal but will make the house more appealing to future buyers as well.