10. GOING CHEAP ON YOUR MATERIALS – The old adage that you get what you pay for is especially true when you are renovating. Important things like electrical and plumbing are things you just can’t scrimp on. Save money on trendy tile but never scrimp on the important stuff. Also hiring skilled labor and paying people for what they are worth is the most important part of your renovation. If you are going to do it, do it well. If you can’t afford it then wait to do it right; you won’t regret it.