The concept of home improvement, home renovation, or remodeling is the process of renovating or making additions to one's home. Home improvement can consist of projects that upgrade an existing home interior, exterior, or other improvements to the property.
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:
Turning marginal areas into livable spaces such as turning basements into recrooms, home theaters, or home offices – or attics into spare bedrooms.
Extending one's house with rooms added to the side of one's home or, sometimes, extra levels to the original roof. Such a new unit of construction is called an "add-on".
Storm cellars as protection from tornadoes and hurricanes.
Bomb shelters especially during the 1950s as protection from nuclear war.
Backup generators for providing power during power outages.
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 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.
Renovation contractors
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. Homeowners are recommended to perform checks such as verifying license and insurance and checking business references prior to hiring a contractor to work on their house.
Aggregators
Aggregators are companies that bundle home improvement service offers and act as intermediary agency between service providers and customers.