If you have recently purchased your first house and it's a fixer-upper, then you're probably excited about putting your personal stamp on your home. Renovations allow you to design a house that fits your needs and personality, while also improving the overall value. However, watch out for the four following pitfalls that can destroy your budget, and the ultimate plans for the house.
Spending Too Much on Low-Impact Pieces
You will want to carefully budget before beginning your renovation, making sure to budget for around 15 to 20 percent more than the hard numbers that you give any contractors you hire. However, even within these increased budgetary strictures, you may find that it is quite easy to overspend in certain rooms.
While it can be good…