by Kenda Robertson

Created on: February 05, 2009   Last Updated: June 09, 2009

When it comes to increasing the value of a home, the best return on investment comes from spending your remodeling dollars on the kitchen first and the bathroom second, says Steve Garrison, designer for Lamar Design in Winter Park, Florida. According to Remodeling Magazine, statistics show that a kitchen remodel, even a minor one, can recoup as much as 83 percent of remodeling costs, while a bathroom remodel will give back around 78 percent.

Increasing the amount of livable space is also important to increasing a home's value, says Garrison. Adding a master suite is one of the most popular ways to do this, especially in smaller homes. Homeowners can expect about a 69 percent recoup on investment for the addition.

Homeowners also can maximize the amount of square footage and livable space on smaller lots, and add value, by removing or moving walls within the house or adding a second floor. A two-story addition has been shown to recoup as much as 73 percent of money invested.

In today's energy-conscious society, Garrison recommends improving the home by making efficiency updates that will help save money on utility bills and energy used. "Replacing older single-pane windows with double-pane, low-E glass is a big energy saver," he says. "Replacing windows not only saves on energy, but can recoup as much as 81 percent return on investment."

Adding insulation to the attic, upgrading HVAC to more efficient equipment, and switching to tank-less gas water heaters are all things that will pay off in the long run. Some municipalities even offer a tax credit of $300 or more toward the purchase of a tank-less gas water heater.

And of course there is always the curb appeal factor. Making the house look appealing from the street with landscaping, paint, shutters, new siding, door or windows always helps attract potential buyers when it comes time to sell.

When considering any remodeling project, Garrison advices to always protect the character of the home. "There is nothing less appealing and more devaluing than a new addition or remodel that does not match the home's style," Garrison says. "Find an architect and contractor who will recognize the structure's character and stay within its framework."

Homeowners who have remodeling on the mind may want to explore an online remodeling and home improvement social network, such as www.homepros.com, which will give them access to home remodeling resources, expertise and services at their fingertips.

Before starting any home improvements, it is always best for homeowners to contact a licensed contractor or home remodeling professional to make sure they get the right advice for their individual needs.

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