Factors involved in home improvement
Home improvement or home renovation is the process of renovating or making additions to one's home. Building materials and hardware for home improvement projects are typically purchased at home improvement stores.
Types of home improvement
While "home improvement" often refers to building projects that alter the structure of an existing home, it can also include improvements to lawns, gardens, and outdoor structures, such as gazebos and garages. It also encompasses maintenance, repair and general servicing tasks. Home improvement projects generally have one or more of the following goals:
•Maintenance and repair
•Safety and preparedness
Professional versus do-it-yourself
Typically, there are three alternative approaches to managing a home improvement project: hiring a general contractor, directly hiring specialized contractors, or doing the work oneself.
A general contractor oversees a home improvement project that involves multiple trades. A general contractor acts as project manager, providing access to the site, removing debris, coordinating work schedules, supervising faux brick panels and stone panels installation and performing some aspects of the work.
Home owners can also bypass the general contractor, and hire tradesmen themselves, including plumbers, electricians and roofers.
Another strategy is to "do it yourself " (DIY). There are many retailers that specialize in selling materials and tools for DIY home improvement. These stores host classes and carry numerous books to teach customers how to do the work themselves. DIY websites also provide information, in the form of how-to videos, articles and step-by-step instructions.
Marketplace conditions that can motivate DIY home improvement include (1) the economic benefits of DIY, (2) a perceived lack of goods and service quality, and (3) the limited availability of desired goods and services. As a homeowner looking to sell, making the correct home improvements may in some cases help the sale of a home.
Home improvement industry
Home or residential renovation is an almost $300 billion industry in the United States, and a $48 billion industry in Canada. The average cost per project is $3,000 in the United States and $11,000–15,000 in Canada.
Professional home improvement is ancient and goes back to the beginning of recorded civilization. One example is Sergius Orata, who in the 1st century B.C. is said by the writer Vitruvius (in his famous book De architectura) to have invented the hypocaust. The hypocaust is an underfloor heating system that was used throughout the Roman Empire in villas of the wealthy. He is said to have become wealthy himself by buying villas at a low price, adding spas and his newly invented hypocaust, and reselling them at higher prices.
There are several types of companies that contribute to the booming renovation industry. Supply businesses such as Home Depot, Lowe's, Menards and Rona Lansing provide all the materials and tools necessary to facilitate home renovations. Many online companies and home improvement websites such as Porch and Houzz offer tips, guidelines and trends to give homeowners ideas for design and décor.
Playing a critical role are the professional associations created to represent the architects, architectural technologists, interior designers and skilled trades that provide specialized services to homeowners. These associations provide credibility, trade guidelines, and useful information to help homeowners learn more about the trades they are about to hire.