If so, you're probably thinking ahead, getting organized, and looking into improving it, saving money, and obtaining precisely what you want. If you want to succeed, and let's be honest, who doesn't? Then follow these five guidelines.

1. Know where you want to end up.

Why are you renovating, and what do you hope to accomplish? Think about how much money you will make back. Will you be investing tens of thousands of dollars only to have to sell the property within the next year at a loss? Think about the ultimate goal you want to accomplish. Do you want a kitchen you'll love for years to come? The best choice is to invest in high-end appliances and supplies. But if you're only going to be there for a couple of years, you can still reap the benefits of the upgrades without having to shell out a fortune when it comes time to sell the house.

2. LOOK AT YOUR FINANCIAL OPTIONS.

How do you plan on paying for the renovations? Is cashing out some of your home's equity something you're considering? What is a HELOC or Home Equity Line of Credit? Do you intend to use a credit card, or have you already saved enough for it? Consider topics like interest rates, how quickly you can pay it back, and whether or not it would improve the house.

3. the price may vary depending on your location.

Putting a $50,000 kitchen in a house an hour away from most metro areas may be a challenging financial decision. However, doing so in downtown Portland or some prominent Portland neighborhoods and towns might be the property. Think about the location, the sort of remodeling, and if it fits in with the area and your current and future budget.

4. Make a schedule and follow it.

With any ambitious undertaking, it's best to take baby steps at first. Spending half your renovation spending on the bathroom is a waste if you'd rather renovate the kitchen. Before beginning a renovation, it is recommended that a house inspection be performed to identify any major problems, dangerous items, or trouble areas. It's best to let your contractor shop for you since they can likely find cheaper alternatives.

5. If the project takes a long time, consider moving.

Living amid a home builders renovation project may be quite trying. Moving the family elsewhere is advisable if you're doing some work here and there. Having contractors cut off utilities for a lengthy period is a major nuisance.