You meet with your financial adviser, got a mortgage and bought your very first investment—your own house. The next thing is making it look and feel the way you want it. Whether you need it to be overhauled or just to be redecorated, there is a lot more to designing a property than you might think. It’s easy to get wrapped up in the idea of new kitchen countertop and sleek lighting fixtures, but it’s important to be smart at making decisions for your home improvement to avoid wasting precious time and money.

  1. Doing Things Yourself

Watching a few YouTube tutorials on rewiring home electrical lines does not make you an electrician; the same thing should apply on general contractor jobs. Accepting a cheap bid can mean working with unlicensed contractor who aren’t able to obtain proper building permit. Plus, you aren’t covered for the cost of damage or further repair if the work is botched or does not meet the building code.

  • Going for Trendy Designs

That open shelving and farmhouse sink might look great now, but are you sure it’ll withstand the test of time and—most importantly—improve the value of your home? Remodeling your kitchen can be the most expensive renovation you can do to your home, so it makes sense to go only for one or two trendy elements, instead of making that entire part of your home trendy and bold.

  • Falling in Love with Expensive Designs

According to interior designers, this is one of the most common mistakes of both old and new homeowners. If the design entails a lot lines—herringbone floors, wainscoting, moldings, etc.—it is expensive. The same goes with the opposite: a modern-looking space with no lines at all (no base molding, everything looks sleek and straight) is also equally expensive. Even if you get the less-expensive version of materials used, you still need to invest on quality installation.

  • Buying Cheap Materials

The old saying “you get what you pay for” holds especially true to home renovation. Sure, your home flowing only cost you five dollars less per square foot, but are you sure it’ll last you long enough? After a year, it may start to crack and need to be replaced, and you’d wish you had just invested in quality materials from the beginning.

  • Skipping the List

It’s easy to want this and that for your new home. To avoid getting carried away on the renovation and the unnecessary expenses that often comes along with it, create a list of things you need to be done to your home. When everything has been ticked off the list, it’s time to let your contractor go. Otherwise, you could end up paying for a bigger lump sum for the “few other little things.”

If you are planning of remodeling your home, it’s smart learn from the mistakes of the past. Knowing what to do and most importantly what NOT to do will help you make the most of your resources.