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Despite Devastating Effects on the Broader Economy, Pandemic Has Been a Boon for US Home Improvement Joint Center for Housing Studies

The company is an online marketplace connecting homeowners to contractors. With help, you can bring heat and style to any outdoor patio or backyard with a reinforced concrete “fire table” that matches the color and design of your house. “Connect it to a natural gas source so you never have to lift a match,” says Hassan.

  • But the hidden elements of a renovation are well worth our attention.
  • The information and savings numbers depicted above are for demonstration purposes only, and your results may vary.
  • Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock price rises in the currency of origin.
  • Some of Riley’s best projects include a fireplace makeover, a DIY modern pet bed and her popular $10 cabinet makeover.

Learn about the HUD Title 1 Property Improvement Loan program. Loan amount and repayment terms are limited based on the type of property. If you plan to repair or renovate your home, government programs may make it easier for you to afford those home improvements.

Likewise, these renovations often happen on a time crunch, sometimes making them flashy instead of practical and functional. Flowers and other plants are a great way to brighten your home’s exterior. Use greenery in front of your house and/or along walkways to draw attention to your home. To get the most for your dollars, choose perennial plants, which come back year after year, rather than annuals, which, as their name suggests, last a year or less. Patch any bald spots in the yard with fresh sod and trim existing trees and bushes to complete the yard’s new look. If you have generic, cheap, or outdated fixtures, replacing them with newer, more customized versions can make your bathroom sparkle and look more high-end.

Architects aren’t just for posh projects

Your community and neighbors benefit from home upgrades as well. A boosted curb appeal is attractive to prospective buyers, and favorable-looking homes can help the overall reputation of the neighborhood. The loan must be used to improve livability or safety versus just cosmetic repairs. With TurboTax Live Premier, talk online to real experts on demand for tax advice on everything from stocks, cryptocurrency to rental income.

Even though you may be forking up cash at first, investing in high-quality materials upfront will allow for less costly and unwanted repairs along the way. Taking the time to make small changes to make your home safer has tons of benefits down the line. Invest in ADA-compliant accessories like toilet paper holders and towel bars that not only add to the look of your home but the safety of it as well.

This is especially true in and around cities like New York, Los Angeles, San Francisco, Boston and San Diego, where home prices have increased smartly over the last decade or two. How you’re paying for your improvements depends largely on what you need to borrow. A home equity loan or home equity line of credit can let you borrow against the equity in your home. Neither of these loans will require you to change the terms or interest rate of your existing mortgage.

Whether we choose to just add a new color to a wall or hang photos of our loved ones or whether we do a total make-over of our home is a personal preference. Pride is a mediator for many other emotions that are key to understanding happiness in general. How proud we feel about our homes is House & Home Improvement often reflective of how much time and energy we are willing to invest in our homes to make sure they suit our needs and preferences. In a study, a very clear and direct link was found between how proud people are of their homes and how much time and energy they put into home improvement.