Chitownproperty

Whether you’re renovating a home you just purchased, or upgrading your existing house to prepare it for a sale, avoid these common mistakes as you undertake your first big project. From CNN/Money:

• Underestimating the cost – You should count on spending 10-20% more than your initial estimate.
• Pinching pennies – It doesn’t pay to cut corners, especially when it’s on rooms that you’ll use every day.
• Failing to anticipate chaos – Construction jobs make a mess; don’t let it freak you out.
• Overestimating the payback – Don’t get your heart set on the upgrades increasing your home value. by a certain amount. The biggest payback will be in the pleasure you get from enjoying your shiny new home.