home decor

How to come up with an ideal home decor budget?

by ghisellerousso

Last Updated on April 30, 2024 by Jawad Ali

Everyone wants their home to look enticing, inviting, cozy, and charming. This might be the reason why every year is inundated with new home decor trends that are followed by homeowners without any delay. Because of all this, people nowadays are spending more and more on their home decoration. 

But everyone has a different meaning of home decoration. For some people, just a couple of potted plants and the main light are enough to make their living room look beautiful while for others, it is never enough. This is the main reason why all interior designers use a bespoke approach instead of using the one-size-fits-all method. 

Apart from deciding on how to decorate your house and how to shop, there is one more thing that you must decide on, prior to home decoration shopping and that is the budget for your home decoration. This will keep you from going extravagant and you will buy everything you want in the budget that you can afford. 

So, let’s see how to set the right budget for home decor without sitting for hours of brainstorming with pens, paper, and calculators. 

Why invest in home decor?

Before deciding on the budget for home decor items, it is necessary to fathom why you should invest in home decoration in the first place. Well, the way you decorate your home gives you an opportunity to build a home that you can enjoy and it even tells a lot about your personality, preferences, and lifestyle. 

Are you an extrovert who loves increasing the sitting space in the living room with more chairs and sofas or are you an introvert who loves creating confined space for himself and his family only? All of these are reflected in the home decor items you choose and the way you decorate your home. 

Everything, from the selection of lighting fixtures to the colors on the walls, gives you an opportunity to build a setting that allows you to wind down after a tough day at work, allows you to enjoy every moment with your family, and allows you to call real estate property your home. 

Tips for creating a home decor budget

To begin on the right foot, you should first make a wish list of all the items you are planning to add to your house. This should include home decor items, home furnishing, painting on the walls, curtains, lighting, and even home renovation items. 

Make a list of everything you have always dreamt of adding to your house without budget being a restriction to your wish list. After you are done with the list, divide it into two parts- needs and wants. For example, if you have a sofa that is falling apart and is too old, it surely needs a replacement and it should go to the need list of home furnishing. And decoration items like potted plants or paintings on the walls should go to the want list. 

Decide on your budget

Now that you have divided the wishlist into two separate categories, it is high time for you to see what everything in both lists will cost. You might be left amazed once you begin to factor in the price and calculate the overall cost of your wishlist. 

Once you calculate the prices, a couple of things from your want list might be shifted to the need list and the epiphany that you don’t need it desperately will take just a couple of seconds. Also, keep in mind that the price range of every item on your list is broad and this thing should always be factored in while doing the numbers. 

Prioritize labor and other purchases 

Apart from paying for the home decor item itself, you would also have to pay for home interior design labor and materials. For example, if you have plans to paint the wall, you will not have to just pay for the paint. Apart from thinking about how many gallons of paint you will need, you also have to think about buying rollers, drop cloths, trays, and paintbrushes. 

Even labor charges can increase your budget and that’s why it becomes necessary to include it in your budget instead of getting bad surprises. Decide on which part of the home decoration process can be turned into a DIY task and then work on your budget accordingly. 

Keep a buffer expense 

Many times, when you are on a tight budget, you have to deal with a couple of unforeseen expenses and this makes things more challenging. To avoid this, you should always have a buffer in place to deal with such kind of unexpected expenses. 

Making a budget for home interior design is not rocket science. You just need to be clear about what you are planning to add to your house and do a little bit of planning.

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