You could say that 2021 is the year of the home remodel, as people have been spending more time at home and realizing that they’d like to upgrade their interiors. As a result, people across the country are keeping interior designers busy with projects. If you are one of them, it might be tempting to jump into your home revamp and get it done as soon as possible. But having a budget and sticking with it can ensure that you make upgrades that you’ll appreciate now and hopefully for years to come. As Top Real Estate Agents will advise you, making your home look its best is a sure way to get it ready to sell to. How can you define that budget for your interior design project? Here are some tips to keep in mind, whether you are looking to redesign a house, or just one room.
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Have a wish list
Maybe the most enjoyable part of defining an interior design budget is to start by dreaming a little. Researching through Pinterest or design magazines can give you ideas for how you’d like the next iteration of your home to look. You can consider color palettes, furniture, and even construction upgrades built-in speakers, skylights, or removing walls for an open floor plan. Whatever it is, dream big as a way to think about what this dream home will look like.
Assess the must haves and your realistic budget
From your wish list you can also start to assess your must haves. Is the need for a new couch, dining table, or kitchen range the impetus for your remodel? From your must-haves you can start to create a list of the items you’ll need to buy and how much they will cost. Don’t forget to factor in the expense of working with an interior designer, installations, and a contractor, depending on the complexity of your project. If you have a set budget in mind, you can then use whatever is left over for some of the items on your wishlist.
Invest in key pieces
When it comes to furniture, let’s say for a living room, it’s normal to expect that you might want to invest in key pieces like a sofa, coffee table, or entertainment center. To optimize your budget, it can be best to select items that are timeless that you can enjoy for years to come. Some home designs that are on trend and also classic include mid-century modern furniture which is known for clean lines, hairpin legs, and walnut finishes.
Consider budget-friendly alternatives, especially for trend pieces
Remember that you don’t need to spend a lot to add flair to your home redesign. You may find that you want to reserve some of your budget for pieces that may not be as much of an investment, but that can be changed every year or two to upgrade your home’s look. Pieces to consider are pillows in accent colors, vintage lamps from a second-hand shop, or air plants or succulents that can add life to a room without putting a huge dent in your budget.
Home redesigns can span a wide range of budgets and the one that works for you will depend on many factors, starting with dreaming a little.
