According to a recent article on Homestore.com, the top five home improvement projects are kitchen remodeling, bathroom remodeling, bathroom addition, family room addition, and master suite addition.
Before you tackle a major project however, consider how much you want to spend and how much value it will add to your home. The return on investment varies by geographical location, but according to Remodeling Magazine, the average cost recouped was 86.4% in 2003.
If you don't want to tackle a major project, check out the 10 tricks for a low-cost, high-impact home upgrade on Bankrate.com. From curb appeal to inexpensive decorating techniques, small changes can make a big difference.
While recouping your remodeling investment is an important consideration, more importantly, it can drastically improve the enjoyment of your home. In fact, many homeowners are choosing to remodel and stay in their homes rather than purchase a new home. As an added bonus, when you are eventually ready to sell, an updated home tends to sell much more quickly for top dollar.