So now you’ve come up with your design plan. You’ve decided which room needs the most help, you know what you want it to look like, and you know how you want to live in that space. The only thing you aren’t quite sure about is your budget. How do you know what it will cost?
Since you have done your homework and made a design plan, you can now estimate the cost of your project. Major upgrades to a room in your home can start from $100-$200 per square foot. Take a look at your floor plan and add it up. Do you have that much to spend? Do you have the cash or are you going to have to borrow?
Once you know what your budget is, you want to make sure that you spend it wisely. Get quotes from contractors and then add 15-20% to account for any problems or changes that come up during the renovation. Do seek the advice of an interior decorator or designer as well. She, or he, can help you decide what to focus on. This saves money in the long run because they work with prioritizing budgets all the time.
Set your priorities:
- Keep things that are still working and in good condition,
- Choose lower costing materials that look stylish,
- Change the size of your project, and
- Buy the materials yourself.
Your budget is the most important element in your design plan! You don’t have to blow your life savings to get good design and to be happy in your home. You can also break up your renovation into smaller more manageable projects and pay as you go.
Sticking to your budget will save you time and money, and you will be much happier in your home without the guilt of overspending.
If you need advice on how to transform your space, click here to take a look at my Design Hotline service. It’s a convenient and cost effective way to get help from an interior decorator. And, hey! Show me some love by leaving a comment or sharing my post with your friends on Facebook, Twitter, even Pinterest!
You can still sign up for my Design Planning for Real Life 2015 series on my website http://www.mydivabydesign.com for more details on how to design happiness into your own home. And it’s free!
Copyright© 2015 Christina Rodriguez. All rights reserved.