Most renovations and upgrades translate into an increase in the value of your home (so long as they are tasteful), but some offer more bang for your buck than others. For the best return on investment, focus on functional improvements to key areas that get a lot of use, like bathrooms and kitchens. New appliances are always a value-add. If you are doing cosmetic renovations, focus on features with high visibility (flooring, garage doors, exterior paint), and avoid trends.