I live in south Florida and own a small house which I have almost completely re-done in the last few years. Luckily we have "sweat equity" at my house - my boyfriend sweats and I get the equity!
Favorite area of home improvement:
After I finish re-doing my bedroom I will re-decorate my bath. My house is ony 1100 sq. ft. so we try to get the most use out of every square inch!