Everyone wants an attractive, efficient home. That's why energy efficient renovations are a great way to increase resale value, for example high efficiency windows. Lush outdoor landscaping can also increase your home's value by up to 20% and it photographs well when it comes time to sell your home.

Bathrooms and kitchens continue to offer a high rate of return. Jacuzzi bathtubs are highly valued as they add a sense of opulence to any bathroom. Functionality should be another focus - consider adding an island in your kitchen to expand on counter space and cabinet storage. Even simple, inexpensive renovations like updating fixtures can have a positive effect.

The best paying renovations bring your home up to the level of neighbouring homes. If everyone around you has a mature tree in their front yard, you should invest in one too. Keep in mind that renovations only add value when done right. If you're not able to spend the money it takes to get the job done well right now, it may be best to postpone the renovation.