How to Come Up with an Interior Design Budget

I recently wrote an article on what are some of the fundamental questions an interior designer would ask a potential client. One question I intentionally did not mention was on budgeting because I wanted to separately address this topic.

So, this is you, ready to embark on a design project. What is the budget you’ve set up for your interior design project? Inevitably, this is a question I’d have to ask in your onboarding process. 

woman coming up with her interior design budget

I’ve come across many potential clients who can’t answer this question and, in some cases, when I give them a broad idea of how much it might cost, they end up postponing their projects because they realize they weren’t prepared enough. Please take note that at Corine Phillips Interiors, there are budgets we do not work with, simply because it doesn’t align with the quality we’re aiming to give to our clients. 

Today I thought I’d give you some information to consider whenever you’re setting up your interior design budget.

You need to understand that creating a budget helps you and me to focus on the things that really matter to the project. It also helps us avoid overspending. Yes, it is very possible to go slightly out of budget, but the good thing about having one is it will act as a safety guard.

Below is a list of actions you can undertake to create your budget and keep yourself on track:

1. Write down your goal for this interior design project

The importance of having a design goal is to understand better what is it that you are trying to accomplish. Is it a complete makeover you’re looking up to or is it just a furniture rearrangement you’re looking up to? Depending on your goal, you may already have an idea of how much you’re willing to spend on this project.

2. Draft a wish list of items you’d like to have in your home.

Like in the cases above, whether it’s a makeover or a furniture rearrangement, it’s a very good idea to go through your home and write down what you’ll want to change or keep for your final home redesign. This will help you either narrow down your budget or widen it up. 

3. Be honest about the amount you can afford to spend.

I said in the introduction, during an interior design project, it is very possible to have unexpected costs. But being honest with your designer about what you’re willing to spend will help her (him) prioritize your needs, rather than your wants and your budget will keep us on track.

4. Feel free to browse and window-shop around.

The information is out there, so it’s totally ok to make a small effort to look up prices in décor stores for example. It will give you an idea of what your budget can be. Ask your friends or family about how much it cost them to go through a renovation or a redesign. However, don’t forget that depending on your project and the designer you’re working with, prices will differ. 

Setting up an interior design budget will make your project move smoothly. Feel free to book a free 15 mins discovery call with me and let’s talk about how I can help you take your design project from inception to completion.

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Interior Design Resource_5 Things to Do When Creating Your Home Improvement Budget

Budget Planning Resource

5 Things to Do When Creating Your Home Improvement Budget

Interior design can get expensive, so it’s vital that you know your limitations and have clear goals in mind. Here are five essential things to do when budgeting for your dream space.