Home improvement, or renovating a house, is an excellent way to increase its value and to improve the quality of life for its residents. But it can also be very expensive. Some homeowners take out home equity loans to fund renovations. Others use credit cards. But high interest rates can make these loans costly. And debt can hurt a homeowner’s creditworthiness if it is not paid off quickly.

It’s important for homeowners to understand how to spruce up their homes without breaking the bank. Many small improvements can add up to significant value. For example, adding new windows or a heat pump can save on energy costs and pay for themselves when it comes time to sell the house. And new paint can make a home look fresh and inviting.

One of the most popular remodeling projects is in bathrooms. Whether it’s adding a bathtub or upgrading the shower, bathrooms are tops on many homeowners’ wish lists. And for good reason: Bathrooms are the most occupied room in the house.

Generally speaking, major home improvements are tax deductible. But before you start any project, be sure to check with your CPA or tax adviser. Each state has its own definition of what counts as a capital improvement.

A well-maintained brick fireplace is a selling point for a home. If yours is stained with soot and creosote, you can restore it by scrubbing the brick with a stiff brush and using masonry cleaner.