Once you find the right home, your finances may be a little low after putting down a down payment, getting insurance, and covering closing costs. If you purchased a new home, it often won’t come with furniture, which means you will need to obtain these pieces on your own in order to have a comfortable living space. When you are on a strict budget, finding ways to get quality furniture pieces can be difficult. In this blog, we will share some tips on how you can budget for furniture and ways to save money without sacrificing quality.
Average Costs For Furnishing A Room
First, let’s look at what it actually costs to furnish different rooms in a home. Average costs for furniture can vary depending on what pieces you want, your personal style, and the size of the room. Here are some average costs for the most common rooms in a home:
- Living Room: $1,000-$20,000
- Bedrooms: $1,500-$15,000
- Dining Area: $1,000-$18,000
- Office: $500-$12,000
- Kitchen: $1,000-$30,000
- Outdoor Areas: $500-$20,000
These ranges may seem large, but that is because there are many furniture types on the market at a range of prices. Different-sized rooms with different craft materials can range from more budget-friendly to extravagant. Some homeowners choose to splurge on larger pieces (beds, dining tables, or dressers) while choosing budget-friendly options for pieces that are less frequently used.
Save Money For Large Pieces, Buy Accessories Second Hand
Many people may not have the money to purchase all the high-quality furniture for their home. While quality-crafted furniture pieces will last for many years, it can be difficult for the average person to afford top-of-the-line pieces. One of the best ways to budget for furniture is to choose what pieces you are willing to splurge on and which ones you can find a budget-friendly alternative for.
Large pieces that are used frequently should often be the piece that you splurge on, while other accessories can be picked up from a third-party seller or a second-hand store. Thrifting for smaller pieces or getting them from family yard sales will help you save money and reduce unnecessary waste. Online selling groups, consignment stores, or thrift stores are great options when looking for cheaper furniture that can last for many years.
Look For High Quality Craftsmanship
If you are looking to spend your money on something that will last, it is important to look for furniture that is made locally or by high-quality craftsmen. Investing in pieces that will last for many years will save you from dropping hundreds of dollars each year to replace damaged furniture. When furnishing your home, looking for higher-quality pieces is a worthwhile investment if you have budgeted correctly.
Don’t Try To Furnish The Whole Home At Once
Dropping a large chunk of money to furnish your entire home with durable pieces can be detrimental to your finances. One way to budget for your home is to purchase only those pieces that are absolutely necessary for a quality of life, and put off other purchases until you can build back up your savings. Purchasing beds, refrigerators, couches, large tables, dressers, and vanities helps you to live a comfortable and healthy life with plenty of storage. Other accessories like side tables, recliners, ottomans, TV stands, lamps, chests, and others can be purchased down the line.
Look For In-Store Financing Or Rent-To-Own Options
Some furniture stores offer payment plans, financing options, or rent-to-own plans that can make furnishing a home more digestible. Paying for large pieces in small chunks can help you enjoy them for longer without having to go into debt for quality furniture. These payment plans will allow you to work in between payments to earn more money to put towards your furniture.
Determine Wants Vs Needs
When budgeting for anything, the best thing to do is to determine what pieces you need and which ones are just extras. Making a list of wants and needs can help you stay on track and within your budget while furnishing your home. Each person will have different wants and needs, which is why there are many ranges when it comes to furnishing different rooms. Determining your needs before heading to a furniture store will prevent impulse buys and overshopping.
Quality Furniture Pieces From Our Craftsman
Sugar House Furniture offers many different pieces of quality furniture to help fill your home. Our team crafts each piece with care and attention to detail, so that you are truly getting a statement piece. From tables to entertainment centers and accessories, we have something for every home. Visit our warehouse and see if any of our pieces will work for your home style!
