Risk: Moderate

I’d rate the risk a 2 out of 5 because starting a renovation side hustle can be risky, especially for beginners. Here's why: 1. Money: There are significant upfront costs for tools, materials, and possibly permits. If projects don't go as planned, these costs can escalate, leading to financial loss. 2. Time and Energy: Renovation projects can be time-consuming and physically demanding. If you're inexperienced, tasks may take longer than expected, leading to frustration and burnout. 3. Confidence: Mistakes or unsatisfactory results can damage confidence, especially if clients are unhappy with the work. 4. Common Experiences: Many beginners have reported spending money on tools and materials only to find that they underestimated the complexity of the work or the market demand, resulting in little to no return on investment. 5. Startup Costs: The initial investment in equipment and materials might not pay off if the business doesn't take off or if projects are not profitable. Overall, while some people succeed, many beginners face challenges that can lead to financial and emotional setbacks.