This is a common question that I hear a lot. My response to this question is always the same: it depends on the scope of work.
In the design world; $5,000 won’t carry you very far. Especially if your scope of work involves any renovation or gut job. This amount may only cover your demo.
But having a $5,000 budget doesn’t exclude you from accessing good design. There are 3 ways you can absolutely improve your space on a $5,000 budget. Let’s explore each one below in more detail.
$5000 decor budget: refresh your space
Refreshing a space generally refers to breathing new life into the fixed elements of a room. For example, this could include painting cabinetry in the kitchen or bathroom, reupholstering a chair, or refinishing a wood piece.
Refreshing a space will require careful planning and execution on your part to make sure you stay on budget. The method will almost certainly require some DIY love as well.
If this is an area outside of your comfort zone, you may want to consider scheduling a 2 hour consultation with an interior designer to help set you on the right path; saving you time, money, headaches and resources in the long run!
$5000 Decor Budget: Finishing Touches
The finishing touches are those decorative layers in a space that pull everything together. These items are wall art, accent pillows and decor accessories, etc. To achieve this look, your space should already be fully furnished with the necessary upholstery, rugs, window treatments, and case goods.
The goal with styling finishing touches is to arrange them in a way where they look uncluttered and pleasing to the eye. However, some homeowners may struggle with this concept.
In this case, I would recommend working with an interior designer to help you achieve the look you desire. $5,000 can be considered as a realistic budget for adding art to walls, books and accessories to bookshelves, and bringing in other items like pillows and florals for a single room. If spent carefully, you may be able to pay design fees from your $5,000 budget.
Decor By Demi offers a Decorator By Your Side service that is perfect for this! Let us help you achieve that magazine worthy look for your home!
$5000 Decor budget: design only plans
Most homeowners have been duped to believe that $5000 is enough to furnish a room thanks to home TV shows. What most clients don’t know is that these shows have sponsors who offer their products and services for free in exchange for recognition. So that lackluster living room that now looks like your favorite Pinterest image may have cost around $25k; which is the average cost for this space!
So, you have 1 of 2 options in this scenario. You can wait a few years and save up enough funds to start on your dream project. Or you can use that $5000 budget to create a design only plan that can be implemented now albeit on a much smaller scale and with the right expectations set.
By expectations I mean understanding that although the furnishings may be similar in style to your Pinterest image; it more than likely will not be of the same quality and durability. There is nothing wrong with this as long as these expectations are discussed and the differences in both options are explained to the client.
Here at Decor By Demi, we offer 2 E-Design service tiers that you can DIY at your own pace. With these services, you are able to work with an interior designer with creating an actual plan and applicable shopping list to execute the design. However; most of the work is done by the client in terms of purchasing and implementing the design.
In a nutshell, there are a few things you can accomplish with a $5000 budget. It really all boils down to knowing these options and setting the right expectations with each one. I would also strongly recommend seeking the advise of an interior designer in any option just to make sure you’re heading down the right path.
Things cost what they cost; there’s no way around that. However, if you’re a DIY lover, you can certainly stretch the limits of your budget and have access to a design that makes your home and heart happy.
