Installing a tile backsplash and refinishing hardwood flooring are also good DIY initiatives that can save you cash throughout a renovation. Our advice is to look at the area you may have now and first see if there options that may happen in the present footprint,” Walczak tells Forbes Home. And in 2022, even as many households returned to pre-pandemic routines, the give attention to home investments endured with spending rising an estimated 15% to $567 billion,” the report defined. Any revenue you earn from promoting a house is taxable as a capital gain (with a notable exclusion — see …