How More Homeowners Are Making Their Existing Homes Work

Homeowners are increasingly considering renovation projects.

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But while some renovation choices might be right for certain markets, the same upgrades might not fetch the same return on investment in other markets. "Really know what kind of neighborhood you're in. If only 1 in 10 homes have granite counters, you don't need to install granite counters," Shuman says. "You really need to understand what you're putting into the renovations you do."

Twitter: @mmhandley