Home Improvement – How to Choose the Right Contractor for the Job

Home improvement, also known as renovation or remodeling, is the process of making changes to an existing home. These changes may be aimed at improving the home’s efficiency, adding space or updating the appearance of the property. Home improvement projects can be costly, and it is important to know how to choose the right contractor for the job.

Almost three-fourths of homeowners who took on projects in the past two years said they were able to pay for most or all of their work without tapping into savings or going into debt, according to our September NerdWallet survey. But as projects get more costly, that becomes less likely — and a potential recession may make it even less so.

Most of the categories that are surging in popularity have to do with work on the home’s exterior, such as landscaping or building a deck and putting up a fence. Other popular projects include upgrading or installing a new bathroom, adding a garage door or converting an attic or basement into living space.

When it comes to selecting contractors for home improvements, NerdWallet recommends finding a few that you can trust. Check their references, and visit previous jobs to see the quality of their work. In addition, ask for a contract before starting any work. It should include a payment schedule and as many specifics as possible, including types or brands of materials. It should also specify a completion date and withhold final payment until all work is done and all required inspections and certificates of occupancy have been completed. It’s also a good idea to find out whether the contractor is insured in case of an accident on your property or damage to your home.

A home improvement project can be a great way to increase your satisfaction with your home, but it’s important to think carefully about what you want to do and to hire contractors that are licensed and insured. In addition, it’s always wise to consult with a real estate agent before undertaking any major projects that will affect your home’s resale value.

The home improvement industry has experienced excellent growth results in recent years, especially during the COVID-19 pandemic. This industry includes the sale of building materials, appliances and decor, as well as the services of contractors and other workers who help improve or renovate homes. But with inflation at record highs, it’s important to consider how much your project will cost and whether you will be able to afford it before you start. If you’re thinking about a large home improvement project, such as turning an attic into a primary suite, be sure to speak with a real estate agent before starting the work. They’ll be able to tell you what kinds of projects will add value to your home. They’ll also let you know if they are worth the cost and if you will be able to recoup your investment when you sell your home.