Home Design And Your Budget

It has been said that the dirtiest part in the world of design is budget planning. Whether you are just working on a mere hundred buck room makeover or thousands of dollars, it is important to go through tough choices in order to meet your budget. Budgeting is not all bad, though. Designing on a budget does not automatically mean buying cheap, in fact, it is all about being smart about handling your design money. If you want to make those informed choices, then be sure to study the following interior design budget tips

Create a Design Wishlist

While you are asked to work on a budget, this should not hinder you from allowing your imagination to run free. At first, just to bring out your artistic flair, just pretend that money is not an issue.

Jot down all of the things that you wish to do and buy. Be sure to specify what you really want rather than just list storage space. Isn’t it right to think of storage space in terms of built-in cabinets or the beautiful armoires?

This may seem like indulgence in fantasy but do not forget that the most practical stuff are produced where the creation period was done when your head was high up in the clouds. Be sure to upgrade or have things fixed when needed.

Plot the Actual Budget

You have to be fully honest when setting your budget. Study the monthly incomes and expenses, even funds that you have specifically set aside for those rainy day tasks. Set how much you have to spend on a realistic level.

If money is not available at the moment, then you can choose to buy the cheaper alternatives for your materials or you can completely put off the project. When you choose the latter, be sure to set aside a savings fund rather than relying on your credit card.

Scout for the Best Prices

It pays to have an itemized budget and you can only do this when you hit the stores, surf the Internet and search some catalogs. List the cost of the items on your wishlist. If this is your first home project, then prepare to be shocked. That couch could have a price range of a hundred bucks up to a thousand.

You also need to put in the labor cost, find out which of the tasks will require expert work. Skilled tradesmen who can paint, run wires for your lighting, install flooring and even hang wallpaper can provide free estimates so be sure to list them down too before you finalize your budget.

Learn to Prioritize

Planning your budget requires itemizing the stuff on your wishlist. Plot the real costs as well as the total budget. Maybe your Gothic wallpaper could be replaced by a much simpler flat paint. If you are designing an entire room, then decide whether you would want to go from room to room or by category (flooring first, then the walls, furniture, window treatments, etc.).

Do not forget to put in some extra funds for the unexpected material acquisitions as well as added labor costs.

Draft the Budget Plan

Have the design blueprint on paper so that you will have a detailed vision of what you are trying to accomplish. Break down those elements from the work to be done, items that are going to be purchased, things to recycle, and other plans.

Find out about computer spreadsheets that you can use to tally your budget. Set a timeline for each item on your list.

Invest in the Most Important Features

The secret to wowing your crowd is to invest on the biggest items first. Allot the biggest investment for every day stuff. This could be that durable flooring or the built-in cabinets.

Cut on the cosmetic changes if you have bigger things to worry about. If you have to juggle some expenses, then do so.

Practice these interior design budget tips and you are sure to achieve a great looking project.