DIY home repairs and remodeling can save you a lot of money, but only if they’re done right! Here are a few home remodeling mistakes that could cost you a fortune–so avoid them:
Setting an inflexible budget — You probably have no idea how much the repair will cost, but you always need to have a bit of wiggle room in case of unforeseen expenses. Once you’ve calculated your rough budget, add another 20% for “just in case” costs.
Pinching pennies — Yes, you’re doing the remodel or repair yourself in order to cut costs, but don’t cut costs too drastically. You still want to use high-quality materials that will last for years, not months. Being too frugal can cost you more in the long run.
Changing your mind too much — It can be tough to know exactly what to do with your home, but it’s important that you settle on a plan BEFORE you start making the repairs and remodeling. Changing the plan at the last minute can cause you to go way overbudget, and you may end up taking on projects you don’t have the skills to complete.
Starting without a plan — This goes hand in hand with the previous point. You need to know exactly what you will be doing to remodel or improve your home before you hit the hardware store. Without a plan, you could end up making random repairs or improvements around your house, or you may run out of money before you get all the important tasks done. Sit down, plan what you’re going to be doing, and THEN start working on it. Never rush into a project without a complete plan for what you will do and how you will do it.
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