There are many reasons to carry out home improvements. The important point is to make sure you are doing it for the right reason for you.
Safety should always be your first concern. If your wiring is too old or faulty, or your ceiling looks like it might fall in, those jobs must be your priority.
2. Improve your enjoyment of your home.
Any kind of home improvement--new floors, a new bathroom, or a room addition--can give an enormous amount of satisfaction and improve your enjoyment of your home. Your home should be a place where you can relax and feel comfortable, so home improvements that help you to do that are usually worthwhile. You may not get your money back when you sell the property, but that isn't the point. If you intend to stay put in your home for a while, you should make sure it is a home you like be in. Having said that, it is important not to over-stretch your finances--there's no point sitting in your beautiful new kitchen worrying about how you're going to pay for it.
3. Get a better return on your investment.
If you are planning to sell your home in the near future, you should think carefully before carrying out any home improvement projects. Some projects can help sell your home, but don't expect to recoup your costs completely through a higher sales price. Remodeling Magazine's Cost vs Value Report 2009-10 shows that very few home improvement projects gave homeowners a return of 100 percent or more against the cost of their home improvement projects. However, these statistics do not take into account the effect that certain home improvements may have on your ability to sell your home, particularly curb appeal.
4. Accommodate lifestyle needs.
You may need to make your home more accessible for a member of the family with a disability, or adapt it for easier living in your senior years, or perhaps you need office space to enable you to work from home, or an extra bedroom for a growing family. In these situations, you need to consider your finances. You could save money by moving to a new home that better fits your needs. A room addition is usually cheaper than moving, especially when you consider costs such as legal fees and moving costs. On the other hand, it can be expensive to overhaul a house to accommodate the needs of a person using a wheelchair, so finding a house that is already adapted could be cheaper. You may be able to get help with the costs of adapting your home or finding a disabled accessible home. The Housing section of the Disability.gov website provides information about Accessible & Affordable Housing Options.
With the appropriate level of research and planning, you can have the right kind of home improvement for you.