Home improvement refers to a broad range of projects that can be done to enhance the value and beauty of one’s home. Often times this involves repairs to existing structures such as doors, windows and electrical systems. It can also include additions such as patios, decks and gazebos or other landscaping projects. Occasionally, homeowners may choose to remodel a kitchen or bathroom in order to upgrade and modernize the living space. Home improvements can also include a number of interior and exterior painting projects. Usually the work is completed by a contractor or other professional.

Many people are taking advantage of low interest rates to finance home improvements. While rock-bottom rates make the financial case for spending on home improvements, it’s important to weigh the pros and cons of going into debt for these types of projects. Debt can be very expensive, especially if you end up paying it off for years after you sell the house. It’s also important to consider whether the renovations you want to do will add value to your home. If you’re not sure what the return will be, talk to a real estate professional before you start any major remodeling project.

The most popular home improvements are sparkling bathroom overhauls and basement remodeling. However, these projects rarely recoup their costs when it’s time to sell the house. Moreover, homeowners can easily overspend on home improvements.

Even simple, low cost projects such as painting and re-grouting tile can improve the look of a home. Moreover, DIY projects can add substantial value to your home without ransacking savings or digging into debt. Adding some sweat equity is a great way to increase your living space and make your home more appealing for future buyers or just for yourself.

In general, any contractor that performs home improvement work must be licensed. It is illegal in many areas for individuals to engage in unlicensed home improvement activities. The penalties vary from county to county but can include fines and imprisonment.

Generally, the license should be in the individual’s name. If a corporation is being used to conduct the work, a copy of the license must be filed with the business registration office. In some states, the license must be posted in the business’s place of business and must be visible to all customers. In some states, it is required that a written contract be drawn up for any work performed by a licensed contractor. This contract must be signed by the contractor and the consumer. It must include a description of the work to be performed, a description of any materials that will be used and a detailed estimate of the total cost of the project. The contract must also state the contractor’s liability insurance coverage and a disclosure that the contractor is subject to mandatory arbitration. If a dispute arises, the arbitrator’s decision will be binding.