Difference between home repair and home improvements

People are sometimes baffled by the terminology used when discussing home maintenance. People frequently use the terms "home improvements" and "home repairs" interchangeably. However, there is a distinction to be made between home repairs and home improvements. In its most basic form, home repairs typically consist of work done to maintain the function, performance, and aesthetic appeal of the particular topic of discussion. Home improvements, on the other hand, usually involve a change to the property that is intended to improve the design, functionality, aesthetic look and feel, and so on.

Home repairs and improvements are both important for your home's long-term value, enjoyment, and marketability. Home repairs include a laundry list of tasks that, when completed properly, keep your home in pristine condition and allow you to enjoy living there. Home improvements usually involve changing something, such as adding new living space by expanding the footprint or finishing a bonus room or basement space. A complete kitchen or bathroom remodel is considered a home improvement.

What kinds of things fall into which categories, and what are the advantages of each?

That is an excellent question, and the answer is frequently the impetus for lively debate. There are obvious tasks that fall into the home maintenance category, such as maintaining a nice yard, keeping the exterior of your home pressure washed and mildew free, keeping the roof water tight, keeping the house properly painted, and appliances and systems working properly.

Finishing a basement or bonus room into living space is an obvious home improvement, as is a complete kitchen or bathroom renovation, which may include rearranging the flow or design layout of the kitchen or bathroom in addition to new materials.

Then there are categories of items that generate the most heated debate about which category they should fall into. These include the installation of a new roof, a new heating and air-conditioning system (HVAC), new paint on the interior or exterior of the house, the installation of a new water heater, new carpeting or other flooring, and so on. In general, these types of repairs are intended to improve your home's continued aesthetic beauty, functionality, and usability. These types of repairs typically do not increase the value of your home in the eyes of a real estate appraiser. Why? An appraiser expects a house to have a current and functional roof, HVAC system, water heater, and flooring. However, no subject can be encapsulated into a single definitive statement. The appraiser may assign additional value to these types of repairs depending on the condition of the comparable properties used for an appraisal. A new roof made of high-quality materials, exotic flooring, a highly efficient HVAC system, and other features may persuade the appraiser to increase the value of the home on the appraisal form.

Regardless of an appraiser's instincts, these repairs have a significant impact on the increased enjoyment you will have while living there as well as the marketability of your home when you decide to sell. Buyers appreciate and value a house with new flooring, paint, roof, HVAC system, and so on, which increases the marketability and value of your home in the eyes of the potential buyer. Houses that are well-maintained sell faster and for more money when they are properly marketed for sale.

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