But before you call a contractor, there are a few things you need to consider. First, calculate the return on your investment. Some improvements pay off better than others. Bathroom and kitchen renovations provide the greatest return, between 90% and 95%. Decks and home offices hold the low end, between 65% and 70%. Next, look beyond your house to your neighborhood. Will your upgrades put you in a different league – and price range – than your neighbors? Also keep in mind how long you will be in your house. If you’re going to fix it up and sell it in six months, you’ll get all the pain of remodeling and not much gain. But, if you plan to live in the house more than three years, it makes economic sense to remodel.

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