Don't break the bank with remodel

Cost overruns more common than many think

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Whether you’re thinking about building or perhaps just remodeling your current property, there’s one mistake almost everyone makes — and it’s a costly one.

Back in the mid-1980s, I was one of three listing agents on an 83-lot subdivision called "The Summit Above Beverly Hills." (You might have seen it in the tabloids — it’s where Britney Spears lives currently.) I decided to build a home there, and lived in it for 11 years. Recently, we just finished building our current home plus doing a major remodel on another property we own.