First of all why do you want to remodel? Are you planning on staying in this home and enjoying your remodel or are you thinking of remodeling to get a better price for your home. If you plan to stay and enjoy and have the funds to do so, go ahead! If you plan to remodel to sell you may want to do your research first.
The first thing to know is that you will usually recoup more of the cost of remodeling if you stick with mid range versions on your remodel projects. Kitchens and bathrooms still offer good returns but windows, siding and roofs tend to have the highest return. If you plan to stay and enjoy for a few years that will increase your odds of gaining back some of the costs but in a challenging market one never knows for sure.