Home improvement is an industry that encompasses all businesses and tradespeople that supply materials, products, or services for a variety of remodeling and upgrading projects related to a residential home. This includes contractors, installers, and repair professionals, as well as decorators, designers, and retailers. The industry has reached impressive growth results in recent years.
Many homeowners take on remodeling projects with the intention of adding value to their homes. After all, a state-of-the-art kitchen or a finished basement can often be recouped when it comes time to sell. However, some improvements actually decrease a house’s value.
A recent study by Zillow found that homes painted blue sold for more than those with other colors—though it’s important to consider the overall neighborhood when selecting paint. Generally, white or gray tones are best for kitchens, while light and dark blue are good choices for bathrooms.
A written contract is required by Maryland Home Improvement Law before work begins or any money is paid. The contract should include the contractor’s name, address, and MHIC license number. It should also specify a maximum deposit of 1/3 of the contract price, and payment terms.
Whether or not a homeowner chooses to use a contractor for their remodeling project, they should always get estimates from multiple contractors before making a final decision. This will allow them to compare prices and ensure they are getting the best possible price for their work. They should also avoid any contractors that do not offer a warranty for their work.