Home improvement refers to any renovation, repair, or upgrade that is made to a home. It may be a single project or a series of projects, and can involve remodeling, adding rooms, and changing the layout of an existing home.
The industry includes the sale of building materials and appliances, and the services provided by contractors and other workers who carry out construction-related activities. It also includes the design and marketing of products that enhance the function and appearance of a home.
Many homeowners choose to perform their own home improvement projects. They learn the skills necessary to complete their projects through books, TV shows, and the Internet. They enjoy the challenge and are often satisfied with the results.
During COVID-19, the do-it-yourself (DIY) market for home improvement and remodeling grew substantially. DIY home improvement resources include eBooks and database-style websites that offer step-by-step instructions for a variety of home repairs, remodels, and improvements.
When hiring a contractor, make sure that he or she is licensed in your state. Licenses verify that the individual has a background check, passes a test on home improvement law and general business competency, and has no serious criminal convictions.
Be sure to sign a contract before work begins on your home or before any money is paid. This contract should have a timeline for the project and details on when payments will be made and what work will be performed. The contract should also specify if a deposit is required.
In New York, the state’s home improvement law requires that contracts for home improvement be in writing and signed by both parties before any work starts or is paid for. The contract should include the total price, payment schedule and specifics such as types of materials to be used and brands of equipment.
Before hiring a home improvement contractor, ask for references and speak directly with former customers to find out about their experience working with the company. A good referral can save you time and frustration.
Avoid hiring a contractor who uses deceptive written statements to get you to sign a contract. The Attorney General’s Office has the power to stop these illegal practices and order contractors to compensate customers who have been harmed by them.
Never pay a contractor in full upfront and always establish a payment schedule. This is especially important if the project is large.
It’s also a good idea to put all of your payments into an escrow account, which is legally required in New York. The escrow account can only be used for the purposes of the job until the job is substantially completed and all required inspections and certificates of occupancy are issued.
Another consideration is whether you should take out a loan to finance the project. If the project is a significant investment and it will likely boost your home’s value, financing can be worth the extra expense.
Despite the cost, a successful home improvement project can help you make your house more comfortable and functional for you and your family. It can also be a great way to improve your property’s marketability when it’s time to sell.