When remodeling your home, there is one detail many homeowners overlook: the need to update their homeowners insurance coverage. Now that you have made changes to your home, your current policy might not have the coverage you need. When you start to purchase your supplies or look for contractors, make sure you also look for a new homeowners insurance policy.

One of the smartest things you can do with your home's equity is to put it right back into your home. It's a clear win-win: You enjoy the benefit of an improved living environment and tangibly enhance your home's value at the same time.

But not every project will increase the resale value of your home. It's best to stick with the ones that will give you the biggest return.