It's time to do some home improvements. However, the ROI of a bathroom renovation often follows the same pattern as that of kitchen renovations. In terms of return on investment, exterior renovations are the ones that rule and have done so for the past 30 years, according to the Remodeling report. In fact, four of the top five jobs with an ROI greater than 100 percent are improvements outdoors.
On the other hand, home improvements involve making changes or additions to a property to improve its overall quality, aesthetic appeal, or functionality. Unlike home maintenance, home improvement projects are often elective and go beyond basic home maintenance. Their motivation is the desire to modernize, customize or increase the value of the property. Improvements refer to significant improvements made to your home that increase its value, extend its lifespan, or adapt it to new uses.
These are substantial changes that go beyond routine maintenance.
