If you're planning a home renovation project this year, it's important to understand that it can be a sizable commitment of time and money. While most home improvements can increase the value of your home and boost the enjoyment you get from your living space, setting realistic expectations can help you avoid costly mistakes.

#1: Lack of Planning

#2: No Detailed Budget

#3: Cutting Corners

#4: Overestimating Your Abilities

#5: Changing the Design

#6: Inaccurate Return on Investment

#7: Failure to Prepare for Disruption