Smartest way to renovate primary residence for appreciation?

[Peter G.]

First time home buyer here, my wife and I recently accepted an offer on our first primary residence. It will require a bit of cosmetic work to get it to be a bit more to our liking.

We are now trying to balance the emotional appeal of wanting to go all in on renovations for our first home and the logical approach to see the best way to drive appreciation and increase the value of the home.

My question is what are the most impactful upgrades we can do to increase the value of our home? Would it be smarter to spend more money on a nicer kitchen or put in hardwood floors? What about deck/roof repairs? And anything that would do with the deck or backyard?

-Currently, it is a 3 bed / 2.5 bath with potential to be a 4 bed if a wall is installed

-outside deck is old and needs repair

-kitchen & bathrooms are outdated

-popcorn ceilings in entire house

-doors and lighting fixtures need replacing

-backyard fence with some broken panels

-roof last replaced 2004

-scattered ceiling patchwork and paint needed

-tile flooring, considering hardwood flooring

Any feedback is appreciated. Thank you!

Peter