How Much Does It Cost To Furnish A Home?

Posted on Saturday, February 16th, 2013 | No Comments

Clients are sometimes reluctant to tell a designer their budget because they fear they corner themselves in or they simply are not sure how much furniture and furnishings cost. But it is important and critical for the success of a design project to have somewhat of an idea about the cost to furnish a home or a room. Otherwise the designer makes the wrong choices and selects products that are beyond the client’s means.

Or, on the opposite, does not provide the client with the best quality he/she can afford. It is a designer’s job to know the client’s budget and do as much as she/he can with those dollars. It is also a designer’s job to tell a client if their budget is unrealistic, and if what they want and what they want to spend is too far apart. In this case, I typically recommend that we create an overall plan that the client will be happy with that he or she can then implement in stages to spread the costs.

Medium-high budget living room

Medium-high budget living room

We are lucky that we live in a time where good design is accessible at affordable prices. I can confidently say I can do something with almost any budget, but the results will be totally different at different price points. In the end the old saying is true that you get what you pay for. Therefore it is often wiser and more cost efficient to spend a little more and to get durable good quality products.

I thought it might be interesting to see what a typical basic living room budget would look like at 3 different price levels: low, medium, and medium-high. I’m not going higher than that into the high-end category, because the sky can really be the limit with very fine bench-made furniture, exquisite fabrics and antiques.

Anyways, low would be Ikea level, medium Pottery Barn/Crate and Barrel and the likes. And medium-high would be certain lines at Trade showrooms or custom made items.

 

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Medium budget living room

Living Room Furniture and Furnishings Budget
a
Low
Medium
Med-High
Sofa (3-seater, fabric)
$900.00
$2,600.00
$4,500.00
2 Armchairs
$900.00
$2,600.00
$4,500.00
Coffee table
$300.00
$800.00
$1,500.00
2 End tables
$400.00
$1000.00
$1,800.00
1 Occasional table
$200.00
$500.00
$750.00
2 Table lamps
$160.00
$450.00
$900.00
1 Floor lamp
$110.00
$300.00
$850.00
Area rug, 8 x 10
$750.00
$1,700.00
$4,000.00
Drapery panels, 2 sets of 2
$250.00
$800.00
$3,200.00
Drapery hardware
$110.00
$500.00
$1,200.00
6 Throw pillows
$120.00
$600.00
$1000.00
Art and accessories
$600.00
$3,000.00
$6,000.00
Plants, arrangements
$200.00
$650.00
$1000.00
Total
$5,000.00
$15,500.00
$30,000.00


 

You see how the numbers add up quickly. And these budgets don’t even have extras included like an extra chair, ottomans, sofa-back-table, game tables, consoles, decorative shades etc., nor any custom built entertainment center or any paint or wall treatment. There would also be freight, delivery and installation on top of that, and don’t underestimate the cost of those. They can easily add an additional 15 to 20%. Plus then, of course, your local sales tax…. And last but not least the design fee.

It is always good to have a reality check… And it is also good to know that after you have had a budget discussion your professional designer will stick to it. And, of course, with me – there’s never any judging when a client tells me his or her budget. There’s just serious brain scrambling to figure out how I can get you the best room for the money we have.



posted: 13 February 16
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