Before you decide how extensively to renovate, you need to know what your end goal is for your home. Are you renovating to raise the resale value of your home, or will you be staying put for years to come? Consider the condition of your neighborhood before you begin, and know which renovations are a good return on investment, and which will be considered overdoing it for the area. Having a specific plan in place for your future will help you decide how deep to go with your project. Plus: 11 Important Things to Do When Planning to Sell Your Home
If you have limited budget and need to keep the same footprint. Don’t worry, you can still give the impression that the space is a little bigger through the use of some tricks specifically made for that purpose. For instance, pedestal sinks are best known for making the room look more spacious, then clear glass shower doors are more preferable than the shower curtains on tubs as this would block the light and make it seem more enclosed. Likewise, you can also consider using a big mirror as an alternative to a small medicine cabinet mirror. Doing something like this could visually double the space around your vanity area.
Task Lighting: Under-cabinet lighting should be on your must-do list, since cabinets create such dark work areas. And since you’re remodeling, there won’t be a better time to hard-wire your lights. (Here’s more about under-cabinet lights.) Plan for at least two fixtures per task area to eliminate shadows. Pendant lights are good for islands and other counters without low cabinets. Recessed lights and track lights work well over sinks and general prep areas with no cabinets overhead.

Not every home improvement is cosmetic. Deteriorating roofs, termite infestation or outdated electrical systems — you can't fix it if you don't know it's broken. Hire an inspector to check out the areas of your home that you don't normally see. They may discover hidden problems that could negatively impact your home's value. Small problems (such as a hidden water leak) can become big, expensive problems quickly; the longer you put off repairs, the more expensive those repairs will be. 
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