By now, many of you have finished making your holiday gift list and some have even completed your shopping. With only 19 days left in the 2011 calendar, now is the time to look a little further into the future and start jotting down your wish list of home improvement projects. Taking the time to plan now will help in prioritizing and budgeting each project on your wish list.

Start by looking around your home to identify rooms or spaces that you are unhappy with. Write down the room or space, and next to it describe what you feel is wrong with it. Maybe it's the lack of color, lighting or personality in your space, or it may be that the space just does not feel very inviting.
Next, write down the items that you would like to change in that space (i.e. painting, accessories, new lighting, upholster or replace furniture). If you have magazine pictures, paint or fabric swatches place them all in a large folder or envelope and label it "2012 Home Improvement Projects Wish List". You can use these pictures and swatches for inspiration when working on your project or share them with your contractor to help explain the vision you have for your space.
Finally, take the time to set a budget to help determine your deadlines. Start by looking at each project, on your list, and writing down your best GUESS as to what the project will cost to complete. Another approach is to write down how much it is that YOU are willing to spend on each project. Knowing how much you're willing to spend can help guide your choices as you start working on your project.
Next, and this is were honesty is key, write down how much you can afford to spend each month on home improvement projects. If all your projects will not fit within your annual budget, then weigh out the pros and cons of doing it now or putting it off another year. With today's economy, it is wise to avoid going into debt to accomplish everything on your wish list.
Taking the time to create a plan will empower you in accomplishing your home improvement goals. The key is to stick to your list and not waiver from your budget.