Doing a home project yourself can save a ton of money, and it will help you build "sweat equity."
When it comes to doing it yourself, I'm a huge fan. But you've got to be careful because mistakes can not only cost you time and money, if you don't know what you're doing, you can even hurt yourself. Here are some D-I-Y mistakes you need to avoid.
First mistake: Not having a plan. Take your time, write down your list of materials, so you don't make multiple trips to the store.
For bigger jobs, writing out a plan, including a calendar, will help you stay organized. Number two: No permit. Lots of jobs require them.
Yes, they cost some money up front. But not as much as a fine and applying for one after you get a citation. Another big mistake? Inaccurate measurements. Making even a tiny mistake can create a huge problem. So measure twice, cut once.
Another potential problem: ignoring safety. OK, you might not need a motorcycle helmet, but you could need eye protection.
You certainly can often use gloves. And when you're using electricity, make sure it's turned off before you start fooling around with it. Using power tools? Make sure you know what you're doing before you plug these things in.
Next mistake: Blowing your budget. You have to set aside enough time and money to complete that job.
Also: Using cheap materials. Skimping on quality or using something like thinner dry wall could make a big difference in the finished product.
So do your research and always buy the best you can afford. And finally, changing your mind. It's bound to happen, but change your mind too late and it's going to cost you a ton to re-do that work.
Bottom line... There's nothing wrong with a little do-it-yourself. It can save you some serious money. Just make sure you've got the right tools, the instructions, the permits if you need them and a little know-how.
Want more information? I've got tons waiting for you right here at moneytalksnews.com. Just do a search for "Home Repair."
For Money Talks News, I'm Stacy Johnson.