New Prospective Home Improvement Projects to Consider in 2023
Are you planning to do a home improvement project this year? A new year always brings new beginnings; nothing says a new beginning like a home renovation. Sometimes that means doing big projects, such as a total bathroom remodel. Yet, you could also pick less intensive renovation projects that’ll breathe freshness into your house.
According to Angi’s 2023 State of Home Spending Report, home maintenance is the most popular new prospective home improvement project the survey participants plan to undertake in 2023. Bathroom and kitchen remodeling are also quite popular but are financially intensive. Here are new prospective home improvement projects to consider in 2023.
1. Improving Your Energy Use
One of the reasons you might shy from popular home renovation projects such as bathroom remodels is because they’re financially intensive and take time to plan. The current inflation calls for saving and investing wisely. What better way to make a home improvement that promises immediate savings than reducing your energy usage?
If you want to reduce your monthly energy use and subsequent spending, the best place to start is air conditioning and space heating appliances because that’s where most of your energy goes. According to the Energy Information Administration, 51% of a household’s annual energy consumption is in space heating and air conditioning. You can begin by contacting a local home air duct cleaning business to clean your air ducts because blockages can affect energy efficiency.
You could also consider installing solar panels, especially if you live in a place with high exposure to the sun. It will increase the supply of energy to your house, reduce your reliance on grid electricity and reduce your impact on the environment.
2. Getting a New Insurance Policy
According to Simply Insurance, 95% of homeowners in the U.S. have a homeowners insurance policy, with the average claim amounting to $12 474. Therefore, it’s highly likely you already have a home insurance policy. If you don’t have one, one of the best new prospective home improvement projects you could pick is getting an insurance policy.
Insurance policies differ in what they cover. There are about eight different types of insurance policies. The most common ones are HO-3. It covers your house and belongings, medical liabilities, and other living expenses. If you have an HO-3, you could upgrade your coverage by getting an H0-5, a more comprehensive policy.
It doesn’t make sense to have more than one insurance policy because the purpose of insurance is not monetary gain. However, you could leave your old insurance policy and take a new policy with another homeowners insurance company if you’re convinced they provide better coverage.
3. Downsizing to a Nicer Home
In a culture of ‘more,’ we are always tempted to go bigger and fill every space with stuff because big equals success. However, this assumption isn’t always true. Sometimes bigger equals larger bills, higher maintenance fees, and less intimacy in the house. You could engage a custom home builder to downsize to a nicer home this year. According to a survey by Homes on the Amazon Turk Platform, 69% of respondents highlighted saving money as the top reason for downsizing.
Notably, the downsizing home building process will mean more space restrictions and less room for guests and belongings. However, it can be a beneficial move, especially if fewer people live in the house. Other advantages of downsizing include:
- The biggest advantage is that you’ll save money even when you’re on a mortgage
- You’ll save time because you’ll have less space to maintain
- Lower consumption because you’ll have less room to fill
- You’ll have less stress because you’ll have minimal workload, and more flexibility
- Your house will be more intimate, especially if you are living in a big house alone
4. Investing in Your Home’s Foundation
Another new prospective home improvement project to consider in 2023 is your home’s foundation. When it comes to home renovations, it is easier to go for projects that improve the home’s aesthetic appearance. However, you can choose to invest in your home’s foundation, especially if your home has been standing for a long time.
Your home’s foundation holds the whole house together. Therefore, a foundation renovation can set the pace for other bigger remodeling projects. You may also invest in your foundation to improve the integrity of your house’s structure and have an increased sense of safety. A foundation renovation might be a necessity if you notice obvious signs of damage.
Some obvious signs your foundation needs repair are cracks in your wall or ceiling, a sloping floor, and stuck windows and doors. The advantage of investing in your foundation is that it gives you the confidence to do other projects that improve aesthetic appearance. It would help if you got a legitimate excavating business to level the ground before any work begins.
5. Upgrading Your Wiring
You don’t have to turn your house upside down doing renovations. You can pick a practical project, such as upgrading your wiring. No one might notice your renovation, but your house will be safer. Your wiring might need an upgrade if it’s been in place for years without maintenance. Factors such as extreme heat, water leaks, and extreme cold can cause slow but severe damage to the wiring. Pests like mice chew on wiring coating, leaving wires exposed. According to the National Fire Protection Association, fire departments responded to 32 160 home fires involving lighting and electrical distribution equipment annually between 2015-2019. Wiring contributed to 66% of these fire incidents.
Apart from safety, upgrading your wiring can increase your home’s functionality. For example, if your kitchen lighting fixtures were improperly spaced, an electrician can reroute your wiring so you can have your fixtures in the right spots. Similarly, you can add charging ports in your home office or light up your basement.
6. Finding Projects That Inspire You
Sometimes, you need a project to inspire you. The beginning of the year is a good time to look for inspiring new prospective home improvement projects. You don’t have to stick to the typical kitchen or bathroom remodels. You can pick a home remodeling project that inspires your creative juices and one that makes you love your space.
The inspirational aspect of remodelling projects differs from one person to another. If you enjoy decluttering spaces and converting them to usable spaces, you could convert your basement to an escape cave where you go to debrief. For example, you could convert it into an art studio where you experiment with different brushes and colors.
Alternatively, you could consider an interior decoration project by attaching oriental wallpaper to your walls. If remodeling spaces such as your kitchen cabinet will bring you more pleasure, you could collaborate with home remodeling contractors to completely redo how your cabinets look.
7. Painting Your Home in a New Color
Painting is a highly creative activity for DIYers. Yet painting often ends up on the unfinished side of home renovation’s to-do list. That’s why painting is one of the most suitable new prospective home improvement projects to consider this year. It’d be even better if you could work with a home painter to change the color of your house.
Painting needs retouching every few years, especially if you have young kids who make the walls their art exhibition stands! However, instead of retouching, you can have a new color altogether. The process will not only make you feel better, but it will also transform how your house looks. Here are other benefits of painting your home a new color:
- Your home will have an improved curb appeal
- You can choose to decorate your interior with different colors
- You’ll improve the aesthetic value of your home
- You’ll increase the property value of your home
8. Upgrading Your Windows
Another new prospective home improvement project you can consider this year is upgrading your windows. Windows are not accessories to your house. They are part of the house and play both functional and aesthetic purposes. You may want to change your windows for a variety of reasons.
One of the best reasons you can upgrade your windows is to increase energy efficiency. According to the U.S. Department of Energy, 25-30% of home heat loss and heat gain is through the windows. Therefore, it’s recommended that windows be energy efficient to reduce heat exchange that leads to more energy use.
Depending on why you’re upgrading your windows, contact different vendors to know your options. For example, if you need large-family home windows, you’ll get them from a multifamily home window supplier. You’ll need cold-resistant windows if you live in an area with heavy snowfall.
9. Install Home Security Systems
Home security is a big concern in almost every state in America. Property crime is the most common type of crime in the U.S. According to official Federal Bureau of Investigation reports, 65% of all burglary crimes happen in residential properties. Therefore, you’ll not be over-reacting if you install a home security system.
Millions of American homeowners invest in some security system. You can install a home surveillance system with CCTV cameras in strategic areas. Not only will they enhance security, but you can also monitor other things, such as when someone delivers a package or to check who dumps garbage near your neighborhood.
If you don’t have an alarm system, you could invest in a modern automated alarm that can be triggered anywhere in the house. If you live in a neighborhood where break-ins are commonplace, you can install a wireless home security system with a trustworthy company. Chose a security system that’s easy to install but efficient and good value for money.
10. Put Up a Fence
Another new prospective home improvement project you could pick in 2023 is a fence. Notably, high-security fences are quite uncommon in the U.S. But picket fences are popular and quite beautiful. If you don’t have a fence, installing one could improve the aesthetic value of your home and increase security depending on the fence type.
It would be best to consider your location before settling on a fence type. For example, if you share an area with beautiful views with your neighbors, putting up a high-walled fence would be inconsiderate. Similarly, a picket fence would be unsuitable in a high-crime area.
Apart from improving your home’s curb appeal, a fence can act as a protective feature for your pets. That way, your pets can play outdoors without you worrying that a vehicle will run over them. Your home will also be safer from intruders, including stray pets.
5 Aspects to Consider Before Starting Your Home Improvement Project
Now you have a detailed list of new prospective home improvement projects to consider in 2023. It’s implausible you would do all of them at once. How do you choose priority projects you can manage in 2023? Here’s a list of questions to ask before settling on a home improvement project.
- How much will this project cost? Does my budget allow for it?
- What’s my home design? Will the remodeled project match my design style?
- Do I have enough space to do a remodeling project? Where am I willing to compromise?
- What’s the weather like? Will it allow the successful completion of my project?
- Will I need a professional to manage the project, or can I do it myself?
You could pick one or two home improvement projects to focus on in 2023. Kitchen and bathroom remodeling are some of the most popular renovation projects for homeowners. If you have already done them in the near past, you can choose from our list of new prospective home improvement projects in 2023. Check out the top factors before starting your project to ensure its success. Make your home great again!