As interest rates remain near rock bottom, the time is right to invest in home improvement projects. In these uncertain times, spending on your home is a comforting investment. This year, the most popular categories for home improvements are deck construction, fence construction, and landscaping. Three-quarters of consumers plan to perform some or all of these projects themselves, and a quarter will hire a professional.
Home improvement projects can involve updating hardware and architectural details. This can be done easily on your own. For example, you might want to change outdated hooks and towel bars. You could also change switch plates to match your existing decor. Adding millwork to your house can also give your home a finished look. You can also add new flooring in the kitchen or bathroom.
The DIY home improvement market is segmented by product and distribution channel. There are a number of home improvement products available online. Physical stores are also a major segment of the DIY home improvement market. These stores offer a wide range of products and have high penetration. They also carry a wide variety of items and materials.
Another popular home improvement project is painting the walls. This is a cost-effective way to update the room. You can also paint accent walls for visual interest. Alternatively, you can install tile backsplash or accent tile. You can even paint the floors to change the style.