It can be really difficult to know how much to spend on projects in your space, especially in a time when the cost of labor and materials is inflated. Assuming you own your home, you will want to first find out what your home is currently worth. Not only looking at its current value, but also what it will be worth post-renovation or update. Figuring out which projects add the most value to you in comparison to which will add the most-value to the next owner will be especially important. Before starting a project, setting a realistic budget, timeline, and focusing on low-cost, high impact areas you will want to base this on the length of time you plan to stay in the space. Following these simple steps will ensure that you do not over improve a space or make it too specific to your taste.