The passion for home improvements born during the pandemic, as homebound HGTV fans were inspired to spruce up their surroundings, has only gained steam. In 2022, homeowners spent $472 billion on home improvements and projects reached $485 billion in 2023, according to a study from the Joint Center for Housing Studies at Harvard University.
Generous federal tax credits can help defray the cost of energy efficient improvements that could lower your energy costs and add to the value of your home. But before you head for Home Depot or Lowe’s — or contact a contractor —consider which projects will deliver the largest return on your investment.
