How to Set a Realistic Interior Decorating Budget
As expert interior decorators, we understand that budgeting for a full home interior decorating project can be overwhelming, especially for those who have never done it before. The key to achieving a well-designed space that meets your style preferences and functional needs is to create a realistic budget that factors in all the necessary expenses.
When planning a whole home decor project, it's essential to determine what you can comfortably afford to spend. The overall cost of a full home decor project varies depending on several factors such as the size of your home, the design style, and the quality of materials used. Here are some estimates of what to expect to pay for furniture and decor in high, medium, and low ranges:
Low range: $5,000 - $20,000
In the low range, you can expect to purchase basic furniture and decor items from big-box stores and online retailers. You can find stylish and affordable options for sofas, chairs, coffee tables, rugs, and lighting fixtures. However, the quality of materials and craftsmanship may not be as high as that of higher-priced items.
Medium range: $20,000 - $65,000
In the medium range, you can expect to invest in higher-quality furniture and decor items. You can explore custom-made furniture options from local artisans and choose high-quality finishes such as hardwood floors, granite countertops, and designer lighting fixtures.
High range: $65,000 and up
In the high range, you can expect to invest in luxury furniture and decor items from high-end designers and showrooms. You can explore custom furniture options from luxury brands and incorporate bespoke finishes such as marble flooring, intricate woodwork, and state-of-the-art technology.
Don’t forget the other fees…
In addition to the cost of furniture and decor items, it's essential to factor in design fees when creating your budget. Design fees can range from $2,000 to $20,000 or more, depending on the scope of the project and the experience of the designer.
When budgeting for your home decor project, it's also essential to consider additional expenses such as delivery fees, installation costs, and taxes. It's best to have a contingency budget of 10% to 15% of the total project cost to cover any unexpected expenses that may arise during the project.
Still not sure where to start?
Budgeting for a full home decor project requires careful planning and consideration of all expenses involved. We work with all of our clients to help them determine a budget that is specific to their needs and that will help them achieve the home of their dreams. Schedule a 30-minute consultation with us today.
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