As we all know too well, most of us are spending more time at home these days due to the pandemic. It turns out that the more time people spend at home, the more they notice flaws and defects that could be improved.
One consequence of this is that people are spending more money on home improvement projects.
According to HomeAdvisor’s annual report, State of Home Spending, the average amount spent on home improvements last year was $8,305 — up by $745 from 2019.
The report also finds that homeowners are paying for these improvements with money they previously spent on dining out, travel, commuting, and other forms of entertainment.
If you’re thinking about making alterations to your home, here are some of the most popular home improvement projects you might consider:
Deck or Porch
Though one of the more expensive home improvement projects to undertake, a new deck or porch increases the value of your home and expands your living space, without the expense of adding a room. Naturally, the total cost will depend on factors like size, building materials selected, and whatever extras are added.
Refacing Kitchen Cabinets
Cabinet refacing is an effective way to enhance the look of a kitchen that’s already been updated. It’s a far more affordable option than remodeling an entire kitchen, and far easier than installing new cabinets. Refacing generally consists of adding new cabinet doors and drawer fronts, and covering the face frames with a matching wood or faux veneer. The result is a kitchen with a fresh, updated look but still has the same layout and structure.
If a roof is near the end of its life expectancy, it is an expensive but essential home improvement project. Though roof replacement is generally the most expensive project a homeowner can embark on, millions of American homeowners still undertook this necessary home improvement last year.
Floors and Ceiling
Floors and ceilings are particularly susceptible to scuffs, stains, dents and other kinds of damage, so it’s no surprise that millions of homeowners replace carpeting, flooring, paneling, or ceiling tiles annually. In fact, floor and ceiling replacements are generally one of the most popular types of home improvement projects.
Windows and Door
Updating windows and doors offers numerous benefits to homeowners who are willing to make this investment. Not only will it keep out drafts and ensure a more comfortable indoor temperature, but it’s likely to reduce utility bills as well. In addition, the project can also boost a home’s curb appeal, thereby increasing its value.
Fencing and Exterior Walls
The addition of fencing, garden walls, and other exterior barriers serve many useful purposes. They define the property line, preserve a sense of privacy, act as a deterrence to intruders, and safeguard children and pets. Given these benefits, it’s no surprise that millions of homeowners make fencing improvements on their property annually.
Good Old-Fashioned Paint
Perhaps the easiest form of home improvement is also the most popular – interior painting. There is no faster way to alter and enhance the beauty of a room than to give it a fresh coat of paint. Keep in mind that brighter colors tend to make rooms appear larger, so dark colors should be used primarily for main walls or large, open rooms.