Home renovations are a major task, especially if you own a big house with a complex design. A lot of deliberation must be done before the project can even begin. Right from coming up with ideas to drawing a plan on paper, you need to consider multiple factors before hiring professional contractors for the job. Further, you must avoid making the following mistakes in planning and executing the home renovation project. Miscalculating your budget Everything costs money. Whether simple repairs or a complete makeover, you must be prepared to spend your hard-earned bucks. But that doesn’t mean you can’t set a realistic budget. Typically, a home renovation is estimated to cost 10% to 15% of the home’s total value. Whatever the estimate, always keep an additional 10% to 20% buffer over the agreed amount. Experts suggest this as a general rule of thumb for calculating the final cost. Material and labor rates keep fluctuating, so you might end up underpaying or overpaying depending on the extent of the job. The bottom line is never underestimate the budget, or you may fall short of the actual costs. Neglecting the natural layout of your home Home renovation is a complex job. It involves making significant modifications to the entire space, including the living room, bedroom, and kitchen.