Every year, people spend billions of dollars on decorating and renovating their homes.
If you’re planning to make some changes to yours, you might be worried about the huge impending costs. You don’t have to be. With the right planning and preparation, you can renovate on a budget.
In this post, we’ll give you some easy tips to follow.
How to Keep Your Interior Design Costs Under Control
A beautiful home doesn’t have to break the bank. Read on to find out how to decorate yours on a budget.
1. Make a Wishlist
Start out by making a wishlist for everything you’d want for your home.
Once you have a list of items that you want, rank them in the order of importance to you. It’s inevitable that some of them will have to go, so this will make those decisions easier and less painful.
Then, compare your budget to your wishlist. See what you can afford to keep, and eliminate the things you can’t.
If you skip this step and go straight to planning or shopping, you’ll end up spending far more than you need to.
2. Have a Buffer
Any mortgage broker will tell you that home projects always come with some unexpected costs. There could be extra fees for contractors or other services, or a small maintenance task could turn into a huge remodeling job.
No matter how detailed your budget is, you can’t guarantee that everything will go to plan. That’s why you need to have a buffer in your budget to keep safe.
If you budget for every last penny that you can afford to spend, any extra costs that take you by surprise will throw a wrench in your plans. Instead, allow for an extra 10-20% if possible. That way, you’ll be prepared for anything and everything.
3. Be Strict
It can be easy to get carried away and start spending extra money on things you hadn’t planned for.
When you fall in love with certain furniture or decor, you might end up throwing caution to the wind and forgetting about your budget altogether. To avoid this, refer back to your budget before every purchase to keep yourself in check.
4. Shop Around
Don’t just go for the first thing you see. Shop around and weigh up your options.
When you’re comparing prices, make sure you factor in any extra costs, such as delivery and installation fees. Take the time to check out lots of different suppliers, and you’ll eventually find options that match both your vision and your budget.
5. Reuse and Repurpose
You don’t have to buy everything brand new. You can find some incredible second-hand pieces that will add character to your home.
You could even repurpose old furniture to make new pieces of your own. Either way, you’ll save money.
Get More Easy Tips
At Skipping Stones Design, we’ve got hundreds of easy tips for homeowners. Whether you’re looking to build, decorate, buy or sell your home, we can help you.
See our tips page for more advice on how to make the most of your home.
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