Home improvements

10-10-10 Rule

When deciding on home renovations or upgrades, consider the immediate costs, the impact on property value in the medium term, and the long-term benefits for comfort and enjoyment.

Hedonic Treadmill

Knowing that the thrill of renovating or redecorating may wear off can lead you to create a living environment that is functional and comfortable rather than overly focused on trends.

Similar Situations

SMART Goals

Home Improvement Projects: Applying SMART goals to home improvement projects can lead to successful outcomes.

Home Improvement: Recognizing the correlation-causation fallacy can help you make more informed decisions about home improvement projects, considering multiple factors that may contribute to observed correlations.

Clustering Bias/Illusion

Home Improvement: Recognizing clustering bias can help you make more informed decisions about home improvement projects, without assuming that a series of successes or failures reflects a pattern.

Sunk Cost Fallacy

Home Improvement: Knowing the sunk cost fallacy can help you decide whether to continue or abandon a home improvement project, without being swayed by the money and time already spent.

Monty Hall Problem

Selecting a contractor: (Topic: Deep probability Understanding) Comparing contractors for a home improvement project based on their past work, reputation, and cost estimates.

Ikea Effect

Home Improvement: Recognize when it's more efficient to hire a professional rather than attempting DIY projects that may result in lower quality work.

Breadth-First Search

Home Improvement: Finishing projects on the same level or area before moving on.

Depth-First Search

Home Improvement: Applying DFS to complete one project or task, like painting or landscaping, before moving on to the next can ensure a well-executed outcome.