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Renovations and upgrades can increase the value of your home by thousands of dollars when done strategically, intelligently and professionally. Even if you renovate for personal reasons, consider the key areas that will put money back in your pocket. The kitchen and the bathrooms are first choice upgrades that translate into more money later. Bedrooms can also create incredible appeal or end up a serious turn off. Make certain your renovations or upgrades reflect the property values of your neighborhood. Don’t overdo it with costly materials if you cannot recoup your costs when you sell your property.