In the fantasy world of interiors, there’s probably magic that can give you a specific formula on how to figure out your budget when dealing with decorating. But in the real world, there isn’t. Although, there are steps to help you get as close as you can get with planning a realistic budget. So whether you’ve just moved into a new house, or just wanting to give your home a new look, cost is always something you'll have to consider. So what you need to do is understand where you should put more money into and how much it will affect your bank account.
1. Determine a Budget
We've all been there, we're thinking of redecorating & we tell ourselves we'll do a little weekend "browsing" in store & online & before you know it, you've arrived home with several bags in the boot & are expecting a few packages to arrive early next week. #guilty #impulsebuy
Before you let yourself get all excited & potentially buy things you don't really need, do your research & have a good think about what you need to buy vs what you want to buy, also consider & decide on a budget you need to stick too.
2. Research, Moodboard & Make A List
Now, we suggest you open up excel spreadsheets & begin creating a simple list of the things you want. Categorise your list by the rooms you're styling or if you're only styling one room categorise it by "Investment Pieces"(ie couches) & "Decor & Ornaments" (cushions yayyy).
Now the fun part, have a think about the style & look you want to achieve & begin to create wish list mood-boards on Pinterest. Jump online, check out magazines like Real Living & Inside Out, stalk Instagram, get print screening & favourite tabbing.
Then add in all the specific items you want into your excel sheet with their prices, have a total at the end so you know how much the dream space you want to create will cost & you'll be able to quickly see if you're on budget or over it.
Quick Tip // People often forget to incorporate Freight & delivery charges & often you'll be setting things up yourself - such as hanging a Wall Art or painting something so keep in mind any Hardware Supplies you might need to buy from Bunnings & incorperate this into your budget too.
3. Be relentless, Cut the things you really don't need !
So you've made your wish list spread sheet & I'm going to bet my money on you being over budget. (If you're on budget or under, you're a legend & ready to go shopping) But if you're like the majority of us, then its time to start cutting things off your list. Our advice - prioritise investment pieces such as couches, beds & staples like decorative cushions & pretty bedding that make & finish a room. Cut on smaller ornamental pieces or if you want a few pieces of artwork, try to select only one.
Remember, that just because you are cutting something off your list doesn't mean you shouldn't save it for later, things always go on sale !
Lastly, remember that even though you have a plan, it doesn’t always fall into place perfectly, make sure you have some extra ‘emergency’ money because you just never know what situation may arise when re-decorating, so be prepared for some surprises.