5 ways to turn real estate into liquid assets and increase your home equity

The best deal? Replacing your garage door can net you a 194% return on resale.

Before taking on your next renovation, be sure to do your research or consult with a real estate agent or other home professional to learn which improvements will provide the highest return. The goal is to avoid investing too much money in renovation projects that don’t do much to increase the value of your home. An expert can help you sort through your options, and sometimes, less is more: While a small kitchen remodel can provide a 96% return on investment, a large-scale renovation can only return 50%.