Budget is a dirty word to most people, but a design budget does not have to be as scary as it sounds. The trick to putting together a realistic budget for a room is knowing where to spend the money and where to save. By allocating and categorizing your budget you are able to put together goals and set expectations for yourself. This will save you a lot of frustration, arguments, and even money!
When to Spend:
1) When it can add resale value.
This is a big one if you own your property. Looking to install a new light fixture, switch out flooring, or change paint colors? If updating your home will significantly improve the look of your home or add new functionality, do it sooner than later! Why? You can enjoy it now and then benefit later. I hate it when people wait to make their home beautiful until its too late for them to enjoy it. Bonus tip: just updating the paint color can add thousands of dollars to the value of your home.
2) When it supports your body weight:
There is nothing worse than sitting on a chair that breaks or even creaks when you sit down. If it has not happened to you, count yourself lucky. You don’t have to spend $3,000 on a sofa but PLEASE don’t buy the cheapest sofa on Wayfair. If you spend $500 on the cheapest sofa, but it doesn’t last a year, go ahead and spend a little more, and it could last for years.
3) When it gets a lot of wear/tear or is used often:
You just bought a cute little puppy and you could not be more excited! Then the cute ball of fur pees all over your new rug that you found on sale for $70 and into the trash it goes because the stain won’t come out. Think about the items in your home that you need to withstand a little wear and tear. Whether it is a rug, a sofa, a dining table, etc.. there will always be materials that are more durable than others. This is the time to do a little research and invest a little more money so you don’t have to constantly replace items or live with a stained rug.
When to Save:
1) It is only for looks:
Items like curtains, accent tables, decor items, throw pillows & artwork just sit there looking pretty. These are decor pieces to find on budget sites if you are working with a tighter budget. These products don’t get a lot of wear & tear, and thus don’t need to be held to the same quality standards. I love splurging for some great original artwork so I am not saying you should only buy mass printed art. Bonus tip: buy one statement piece to draw the eye in a room and the rest of the decor will blend together better.
2) Buy wholesale!
I share my wholesale pricing with my clients so if you would like access to premium products and pricing, reach out and I would love to chat with you about your project!
Designing on a budget is possible!
This entire cozy, modern, chic, bedroom was designed under $3,000. Shop the look below or reach out to talk about designing your own unique space!
**This post may contain affiliate links. I receive a small amount of compensation when you purchase from my links at no extra cost to you, which I’ll probably spend on lots of plants…lets be honest….**