Homeowners: Don't do that, do this

Every homeowner wants to update and improve their home. But some renovations and improvements can make a big difference in the potential resale price of a home while others don't. Here are some expert tips on the improvements you should make versus the ones you should avoid.

Let's be honest, everyone wants their own bedroom. But what makes more sense, renovate an existing bedroom or add a new one?

DON'T: Add a new master bedroom suite.

While this project might make waking up every morning a little bit easier and more enjoyable, it doesn't make as much sense from an investment standpoint.

According to Remodeling magazine's Cost Vs. Value Report 2011-12 ( 2011 Hanley Wood, LLC.), the average master suite addition cost over $106,000, but only adds $62,874 to the resale value of the home. That puts it at the bottom of Remodeling's list for return on investment along with a sunroom addition and a home office remodel. All of these projects will add to your home's resale value, just not enough to offset much more than half of their high cost.

DO: Turn an attic into an extra bedroom.

Read: Go green when renovating: Choose deconstruction over demolition

Remodeling's report estimates that an attic bedroom will set you back just over $50,000 on average. However, this additional sleeping space can add over $36,000 to your home's resale price, allowing you to recoup 72.5 percent of the cost -- a far better return on your investment

If you're planning on selling your home, your property's exterior is a potential buyer's first impression. That said, some curb-appeal improvements are more cost-effective than others.

DON'T: Overpay for a front door.

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Homeowners: Don't do that, do this