Home improvement is one of the top priorities for many homeowners. But it’s not always clear which projects add the most value, what the costs are or how much you might recoup when you sell. The best way to save on a home renovation project is to research the type of work you want to do and learn what the average cost is for similar projects in your area. This will help you avoid overspending or going into debt.

The most popular projects tend to involve fixing or replacing existing fixtures. For example, if you have old or broken windows, installing new ones will not only improve your home’s appearance and energy efficiency but also reduce your utility bills.

Other popular home improvements include adding bedrooms, bathroom or kitchen upgrades, refinishing wood floors and replacing countertops. To maximize your investment, choose midrange fixtures, rather than high-end options, to keep your project within budget.

However, some home improvement projects may decrease a house’s value if you go over the top. For instance, if you add a luxurious hot tub or an expensive fountain to your backyard, it might be difficult to get back the money you put into it when you’re ready to sell. If you’re planning a major home upgrade, it’s a good idea to consult a real estate agent or appraiser beforehand to make sure the work you’re doing will pay off. Also, don’t forget to factor in the cost of financing your project.