Making home improvements pay off

Sad but true: Home improvement projects don’t necessarily improve home…value.

At least, not enough to offset the cost of the project. On average, you’ll get about two-thirds back, according to Remodeling Magazine. Of course, there are plenty of other reasons to renovate regardless of whether it’ll get you a better price when it’s time to sell. You may need to make repairs (as I did recently, replacing a busted terrace door) simply be looking to make an update to better fit your needs and lifestyle.

Watch my video with savings tips below, and visit CNBC.com to see the full post, including details on how much of various project add to home value.