As a result of the recent financial crises and accompanied housing debacle, Americans are hesitant to invest into their homes for fear they won’t get it back. Things have sure changed from just a few years ago when people were spending thousands on extravagant kitchen makeovers and backyard paradises. That said, there still are a handful of home improvements that carry their weight in gold and that give any homeowner the biggest bang for her buck.

Fresh Flooring

A new tile or wood floor can take decades off a home’s age, especially in the kitchen, bathrooms, and entryways. Further, new flooring surfaces are much easier to keep clean, adding a degree of convenience to the renovation.

Going Green

Improving the energy efficiency of your home will ultimately save you money, justifying the purchase of energy efficient appliances, double-paned windows, advanced insulation, roofing, and more. There is even a tax credit for up to $1,500 for ‘green’ improvements made to the home in 2010.

Renew, Reuse, & Recycle

Much of the ‘old’ in your house can be renewed with a bit of elbow grease and know-how. Age-old wood floors and cabinets can be sanded down and re-finished, bathtubs re-glazed, and light and fan fixtures rejuvenated. The three R’s will save you money and give you something to be proud of.

It’s The Little Things

Updating scandalously outdated bits and pieces around the house can give your home a new and improved look in no time. Replacing yellowed outlet receptacles, ugly kitchen cabinet knobs, rusted door handles, and prison-like curtains and blinds can be cheap and infinitely enjoyed.

Renovating your home during a housing crisis doesn’t have to be scary, or expensive!