So you’ve just bought a fixer-upper and can’t wait to get in there, gut the place and create your dream space? You’re not alone.

More than half of Australians buying their first home intend to renovate it within a year, a new survey shows, with one in five planning to renovate immediately after buying.

But that DIY dream can quickly turn into a nightmare if you’re not armed with the skills and know-how to undertake a reno project on your own.

Here are some common mistakes people make, and how you can avoid them:

Not setting a budget, or sticking to it

Before you start scrolling Pinterest and making a “must-have” list, the absolute first thing you need to do is determine your budget. There’s no point splurging on gold tapware if it then means you can’t afford the important stuff – like flooring and painting.

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