Home improvement is a popular pastime, and New York residents spend over a billion dollars each year on projects that enhance the beauty and comfort of their homes. The renovations can range from a new kitchen or bathroom to fixing a leaky roof. It’s also common to make improvements that will improve the energy efficiency of the house such as installing new windows and insulation, or by upgrading heating and cooling systems.
The home improvement business is a highly competitive industry. Consumers should carefully evaluate contractors before hiring one. Many cities and counties require all home improvement contractors and subcontractors to be licensed and insured. This licensing requirement protects consumers from unlicensed contractors, and provides the city with important information about the company.
A well-planned home improvement project can add value to the property and increase the usable space inside the home. However, not all home renovations will pay off when it comes time to sell the house. Before jumping into a project, homeowners should discuss it with their real estate agent to see which renovations will maximize resale value.
It is important to plan a budget before starting any renovation work. Using online tools can help you create a cost estimate for your project. Getting multiple estimates from contractors is also a good idea. Lastly, homeowners should always ask for a written contract before beginning any work. The contract should include a timeline for the project to be completed, a payment schedule and as many specifics as possible, such as types or brands of materials. A written contract will also ensure that all required inspections and certificates of occupancy are obtained before the project is completed.