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Budgeting: Decorating Your New Home

Budgeting is an important part of buying a new home. After you have the keys to your new home, you will want to decorate and furnish it right away. Many people focus more on the process of buying the home and less on the fact that they will want to decorate it afterward. There are some effortless ways to budget for furniture and decorating any time in buying a new place to live.

 

Plan Every Room

Each room needs a plan. Decide how you want your rooms to look from the rugs to the art on the walls. Don't forget storage needs! Don't forget to include the kitchen, laundry room and bathrooms. These rooms may not need furniture, but the little things can add up to an expensive oversight. If you have a patio or yard and want items for these areas, include them in your plan too.

 

Budget Each Room

Budgeting is easy online. Window shop a little and see what items might cost that are what you want or like what you want. Buying all the small things can get out of hand and become costly, so don't forget linens, rugs, vases and throw pillows in your search for prices. If your budget is too high, start cutting the items you don't need or don't need to buy in new condition. If you have money left over, you can start a savings account for emergencies or home maintenance. You may also opt to update appliances.

 

Consider Themes for Tight Budgets

One of the greatest ways to decorate a new home is to look at different themes so everything flows well. Mid-century modern is a great theme for those who have a tight budget but want everything to look like it goes well together. This is a popular theme and the pieces are usually cheaper than traditional or modern furniture. You may find that used furnishings that go well with an eclectic theme like Bohemian style are easy to find and make a room look much nicer than having everything match perfectly.

 

Don't Forget!

 

  • Make sure you keep the money for decorating and furnishing your home separate from your daily money and the money for your new home. You will want it as soon as your home is bought.

 

  • Have a few pieces of furniture to use while your new decor and furniture is shipped to your new home. If you buy locally this may not be necessary, while ordering from out of your area may take a week or more.

 

  • If you are on a tight budget and can't furnish your whole home, consider decorating with your own art and crafts to save money. You can also sew your own linens and curtains to save a lot of money!

 

  • Consider the time spent in each room and adjust your budget. Spending more money on the rooms you spend more time living in will allow you to feel like you made the right purchases long-term.

Caitlin Weaver
Sales Representative
(416) 890-3017
cweaver@chestnutpark.com

Chestnut Park Real Estate Limited, Brokerage
1300 Yonge Street, Suite 100
Toronto, ON M4T 1X3

(416) 925-9191