Home Improvement Trends in 2023

Home improvement, also known as remodeling or renovating, is the process of improving or adding to one’s home. This includes a wide range of projects, from changing paint colors or furniture to installing new floors or appliances. Home improvements can make your house more enjoyable to live in, increase the safety and security of your family and pets, or just help to keep it in good condition.

Home remodeling is often done to add value to a property, but many homeowners also undertake renovations to improve their living experience or fix problems that they have encountered over the years. Depending on the project and its cost, it can be difficult to determine whether it will yield a return on investment. This is why it is important to compare data from various sources, such as Remodeling Magazine’s Cost vs. Value report, when planning for a home remodeling project.

In 2023, experts say that renovations and upgrades that improve a home’s energy efficiency will be a top trend. These projects reduce both energy and utility bills, providing a reprieve during an era of high inflation. In addition, these updates offer a good return on investment, which makes them an attractive option for homeowners in an unsettling economic climate. Other popular projects include refreshing shower areas and replacing vanities, toilets, and fixtures. It is important for consumers to do their homework and find a contractor who can provide them with quality work and reasonable pricing. Maryland’s home improvement laws require that all contracts for work be in writing and signed before any work begins or any money is paid. Consumers should avoid any contractors that do not have their name, address, and MHIC license number preprinted on the contract.

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