In the days of an uncertain stock market and job insecurity, there's no place like home sweet home. Even though the housing bubble burst over the course of 2007 and 2008, according to MSN Money, homeowners in many areas of the United States can still recoup 80 to 90 percent of the money spent on home improvements. The key is to know where to spend. Just because you put $20,000 into renovations, it won't necessarily add that much value. If your house needs a new roof, you won't see a return on it for a while because people expect the roof in a house they're buying to be in good shape. The same can be said for your plumbing and electrical systems. Bad plumbing will detract from the value, but new plumbing won't necessarily drive up the price tag. The key to adding value is to focus on the things that are important to buyers, and to not over-improve. You don't want to have the most expensive house on the block. So if the houses in your neighborhood have concrete driveways, investing in expensive brick pavers may not be in your best interest financially.
Here, in no particular order, are some tips for how to get the best bang for your buck on your home renovations, even in a tight real estate market.