Low-Cost Updates that Add Value

When working with a remodeling professional, molding materials and installation can be costly. Instead, go with less expensive wainscoting and a chair rail. Can't live without the crown molding look? Save money by installing it yourself.

Ceramic tile is classic and widely available at home centers and tile stores. It can be used in bathrooms, kitchens, and fireplaces. Mix ceramic tiles with a few more expensive tiles to create a custom look at a lower cost.

Choose pricier eye-catching fixtures to light one or two main areas, but opt for good off-the-shelf fixtures elsewhere.

Select midrange cabinetry instead of top-of-the-line cabinets. Spend the savings on appliances with higher appeal.

Lay nice carpet in a master suite rather than more expensive hardwood. Your feet will thank you on a cold morning.

Color is a designer's cheapest and most powerful element. Add color with paint, tile, or hardware.

Open shelves in the kitchen work perfectly for storage and display. This technique also works well in a small space because the openness keeps the room from feeling cramped.

Instead of buying expensive brackets to support kitchen fixtures, buy plain brackets and embellish them yourself.

Architectural woodwork not only adds character, it disguises imperfections in old walls. Use simple woodwork, such as beaded-board paneling and corner rosettes, to dress up walls.