Ready to renovate? Try these budgeting options to get the most bang for your buck!

Many people are remaining in their homes right now and hoping to increase the value with a remodel of their bath, kitchen or basement.

Our host Teri Barr talks with Kate Wood, a home and mortgage writer for NerdWallet, to learn what areas of a house are currently bringing the best bang for your buck.

Wood also explains why it's so important to budget for your project and shares some options to help you pay for it.

Past Pennywise episodes with Kate Wood as a guest:

• Will interest rates go up again? What to do if you are a homebuyer

More from Kate at NerdWallet:

• Fed Raises Target Rate Again, but Mortgage Rates Are Unfazed
• Mortgage Rates Head Higher as Federal Reserve Raises Key Interest Rate
• What Are Real Estate Agent Networks?

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PennyWise is a show about money, personal finance, investing and travel. The program features a variety of financial experts who can help save you money.