Home improvement covers a wide range of renovations, repairs and upgrades that help increase the value of a home. This can include improvements such as installing new appliances, refinishing flooring, updating light fixtures, and installing energy-efficient windows.
It also includes repairing or replacing damaged components and improving safety. It can be done in the interior or exterior of a home.
Regardless of how you do it, it’s important to choose a contractor that’s experienced and skilled. You’ll also want to make sure their business is licensed and insured.
Contracts for home improvement work should be in writing and signed by both you and the contractor before they begin work or any money is paid. Check the contract for a clause about arbitration, as well as a list of terms and conditions.
The contract should include a description of the work to be performed and the amount of money to be charged, if applicable. It should also include information about the cost of materials and labor and a list of warranties or guarantees.
In addition, it should contain a notice that any claim against the Guaranty Fund will be stayed until the arbitration process has been completed. It should include the name of the person or organization that will conduct the arbitration, whether any mandatory fees will be charged, and the fee schedule.
More than half of millennial homeowners say they plan to use a credit card for home repair and improvement projects in 2022. However, many don’t know the costs they will incur.