When it comes to budgeting for interior design, the approach can vary depending on the value of your home. As a guideline, we suggest 7-12% of the property’s value for a complete redecoration and refurbishment. The final decision should be based on your unique preferences and priorities. Let’s explore how you can adapt your budget to match the value of your home and achieve your desired interior transformation.
Image above by Natasha, interior designer on Design for Me. See her full profile and shortlist her for your home project here.
1. Assessing Your Home’s Value:
First, take a close look at the current value of your property. This will serve as a foundation for determining an appropriate budget range. Keep in mind that the 7-12% guideline is just that – a guideline. It’s essential to customise your budget to align with your specific goals and financial contraints.
2. Finding Your Budget Sweet Spot:
Once you have a clear understanding of your home’s value, consider your overall goals for the interior design project. Are you looking to enhance the architectural aspects, such as adding an extension or restructuring certain areas? Or is your focus more on creating a designer’s paradise with high-end furnishings and fittings? Your budget allocation should reflect your priorities.
3. Prioritising Architectural Changes:
If you envision significant architectural improvements that would enhance your living space’s functionality and flow, allocating a larger portion of your budget to these changes makes sense. These modifications can have a lasting impact on your home’s value and your quality of life. Ensure you work with experienced professionals for structural updates to ensure safety and compliance with regulations.
4. Balancing Interior Design Shoestring and Splurges:
Interior design offers a wide range of options to accommodate different budget constraints. While some areas might need shoestring budget solutions, others could justify splurging on luxurious finishes or statement pieces. Strike a balance that aligns with your vision and lifestyle.
5. Maximising Small Spaces with Designer Touches:
For those with smaller, more affordable properties, interior design can still make a significant difference. Invest in key designer furnishings and fittings that elevate the overall look and feel of your space. Focusing on quality over quantity can create an inviting and sophisticated atmosphere.
6. Being Realistic with Your Budget:
Regardless of the size and value of your home, be realistic with your budget expectations. Consider setting aside a contingency fund for unexpected expenses, as interior design projects can often encounter unforeseen challenges.
7. Emphasising Personal Preferences:
Your home should be a reflection of your personality and taste. While setting a budget is essential, remember that interior design is a journey of self-expression. Take the time to explore different styles, colours, and textures that resonate with you. This personal touch will make your space truly unique and welcoming.
A little professional input can go a long way
Some interior designers charge by an hourly rate but, more commonly, they are offering packages to suit different budgets and needs of homeowners. Even a few hours from an interior designer can make a huge difference – they can help drive you in the right direction, finding affordable yet super stylish solutions to suit your budget and taste.
Interior designers are often able to to access trade discounts. Alternatively, if you are planning on undertaking some of the work yourselves.
How much does an interior designer cost
Interior designers will usually put together a fee proposal for their services, based on the overall budget for your project. Your interior designer’s fee (and therefore input) should usually reflect your overall budget. So thinking of this as a percentage – typically around 10% – can be helpful. However, this figure will vary depending on your location as well as the interior designer’s experience and qualifications. We’ve put together some guidelines as to what you may reasonably expect from your interior designer for packages that vary in terms of cost and their input – see our article, Interior design services – How much do they cost?
Here at Design for Me we can match you with the best interior designers for your project and arrange initial consultations for free. Use the form below to get started and we’ll be happy to help!
Emily Design for Me