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Know Your End Goal
Before you decide how extensively to renovate, you need to know what your end goal is for your home. Are you renovating to raise the resale value of your home, or will you be staying put for years to come? Consider the condition of your neighborhood before you begin, and know which renovations are a good return on investment, and which will be considered overdoing it for the area. Having a specific plan in place for your future will help you decide how deep to go with your project. Plus: 11 Important Things to Do When Planning to Sell Your Home
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Have a Budget
Knowing your budget—and sticking to it—is one of the most important parts of renovation planning. Remember to add in a contingency fund for any unexpected costs—and expect to use it—as well as incidental costs like the cost of eating out for a kitchen reno, or even taking a hotel for a night or two.
It can be easy to want a top-of-the-line renovation, but perhaps all you need are some cheap upgrades which will make your house look more expensive. Do your research and plan your budget before ever lifting a hammer.