Developing a budget limit for your interior design needs beforehand ensures you have a clear mind in terms of what your finances can handle. If you've already hired a designer, coming up with a budget afterwards may leave you feeling pressured to expand it or your designer's enthusiasm may you forget you have financial limits when caught up in the excitement.
Creating a budget is more than just giving your designer a limit how much you can spend, however. Here are a few tips for home decor budget setting:
The first thing you should do when developing a budget it to do some shopping around for prices. If you really have no experience with interior design or buying home decor, you may be surprised at how expensive some of it can be. Getting familiar with average prices first will help you figure out everything else.
Shop For Basics On Your Own
A common mistake for those on a budget is to use their home stylist's time on the basics. This only serves to waste your stylist's time, which ends up being a waste of money. If you're working with a professional you want to be certain you are using their skills to your full advantage.
Determine Your Absolute Must-Haves And What You Can Compromise On
Sit down and really think about what decor you absolutely need and what you could do without. The purpose of this is to determine what you really want the most so your designer knows exactly what they need to focus their time on first. For example, if you absolutely have your heart set on a gorgeous paint job or a very specific sofa, be sure those needs are taken care of first.
Plan For Emergencies Or Unexpected Costs
Sometimes emergencies happen or some type of unexpected cost comes up. If you have an absolute financial limit, consider setting aside about 10% to 15% of your budget for these types of events.
Remember to be upfront with your designer about your financial limits. They will often have some great advice for you and try their best to use your time wisely. If you ever feel like your designer is pressuring you to spend much more than you have allotted, find a new designer. The beauty of your home is important but not that cost of your financial security.