If you'll be moving within eight to ten years or less, then you should think about which remodeling will give you the best resale price. See the table below to get started. Don't be surprised if less is more. You could get a higher return from a minor kitchen remodel, for example, than from a major kitchen remodel.

On the other hand, if you plan to live in your home for a decade or more, then other key factors -- the economy, your neighborhood, and changing home styles -- will ordinarily make your remodeling efforts a secondary consideration in home price. In that case, you should choose your remodeling projects based on which improvements will bring the most improved quality of life, and worry less about recouping your investment.

Whether you're remodeling for short term gain or long term satisfaction, however, you must face the second big question: how well was your job done? Not all remodels are created equal, and visible shortcomings (sloppy cabinetry work, uneven flooring, etc.) can have a big impact on resale value. A surprising number of homeowners report dissatisfaction with their remodeling results, which unfortunately can vary as widely in quality as the contractors who do them. Yet finding reliable contractors is notoriously difficult. The Internet can help here. The good news is that, despite what you might have heard, it does not cost you more to hire a competent contractor than a shady one. In the long run, it's your best bet.