My family and I are closing on a house next week! I'm excited, because it's exactly the type of house we want in a great neighborhood. However, the house was built in 1994, and most of the interior is original, so it needs some cosmetic updates. We want to renovate the kitchen, bathrooms, replace the carpet, refinish the wood floors, paint and change out the fixtures. It seems like we have a lot of work ahead of us!

We have looked into using a contractor, but our renovation budget isn't huge, and they automatically take 20% of our budget for themselves. So we are planning to do a lot of the work ourselves, with help from my FIL who is handy with renovations, and hire people to do specific tasks like the tiling work. Has anyone done large renovations before? Any tips for me?