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While home renovations 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. Home improvement projects generally have one or more of the following goals.
here are three main 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, and performing some aspects of the work.
35% of homeowners, according to the Remodeling Sentiment Report bypass the general contractor, and hire tradesmen themselves, including plumbers, electricians and roofers.
Another strategy is to "do it yourself" (DIY). 67% of homeowners report they will do some work themselves when they remodel according to the Remodeling Sentiment Report. Several major American retailers, such as Home Depot and Lowes, 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.
Home & improvement
Home or residential renovation is a $300 billion industry in the United States,[2] and a $48 billion industry in Canada.[3] The average cost per project is $3,000 in the United States and $11,000–15,000 in Canada.[4]
There are several types of companies that contribute to the booming renovation industry. Supply businesses such as Home Depot, Lowes, Menards and Rona Lansing provide all the materials and tools necessary to facilitate home renovations. Many online companies and home improvement websites offer tips, guidelines and trends to give homeowners ideas for design and décor.Perhaps the most important or visible professionals in the renovation industry are renovation contractors or skilled trades. These are the builders that have specialized credentials, licensing and experience to perform renovation services in specific municipalities. While there is a fairly large ‘grey market’ of unlicensed companies, there are those that have membership in a reputable association and/or are accredited by a professional organization.