1030 West Yosemite Ave | Manteca, CA | Get directions | Call Us: (209) 823-2122

1030 West Yosemite Ave | Manteca, CA
Get directions | Call Us: (209) 823-2122

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How Much Should I Invest In Home Furnishings and Decor for My New Home?

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Hafers Home Furnishings & Design

How Much Should I Invest In Home Furnishings and Decor for My New Home?

Investing in home furnishings and decor for your new home can depend on several factors, including your budget, the size of your home, your personal style, and the quality of items you wish to purchase. Here are some guidelines to help you determine how much to invest:

1. Overall Budget for New Home

A common recommendation is to allocate around 10% to 50% of the home’s purchase price for furnishings and decor. 

General Industry Guidelines:

  • Percentage of Home Value: It is commonly suggested that homeowners spend between 10% to 50% of their home’s purchase price on furnishings and decor. This broad range accounts for varying personal preferences, styles, and financial capabilities.


Expert Recommendations
:

  • Interior Designers and Home Experts: Advice from interior designers and home decor experts often suggest that spending around 20% to 30% of the home’s value is reasonable for creating a comfortable and stylish living space.

For a $500,000 Home

Allocate around 10% to 50% of the home’s purchase price. If your home costs $500,000, you might consider spending between $50,000 to $250,000.

For a $1,000,000 Home

Allocate around 20% to 30% of the home’s purchase price, which means spending between $200,000 to $300,000.

For a $2,000,000 Home

Allocate around 20% to 30% of the home’s purchase price, which means spending between $400,000 to $600,000.

2. Room-by-Room Breakdown

For a $500,000 Home

  • Living Room: Allocate around 25-30% of your budget. This typically includes a sofa, coffee table, TV stand, and decor.

  • Bedroom: Allocate around 20-25%. This includes the bed, mattress, nightstands, dressers, and decor.

  • Dining Room: Allocate around 10-15%. This includes the dining table, chairs, and dining room decor.

  • Kitchen: Allocate around 10-15%. This might include bar stools, kitchen table, and small appliances.

  • Other Areas: Allocate the remaining budget to other rooms such as bathrooms, home office, and outdoor spaces.

For a $1,000,000 Home

  • Living Room: $50,000 to $90,000. This includes high-quality sofas, custom coffee tables, entertainment systems, and premium decor.

  • Bedroom: $40,000 to $75,000. This includes luxury beds, high-end mattresses, designer nightstands, dressers, and decor.

  • Dining Room: $20,000 to $45,000. This includes a custom dining table, designer chairs, and upscale dining room decor.

  • Kitchen: $20,000 to $45,000. This might include custom bar stools, designer kitchen tables, and high-end small appliances.

  • Other Areas: The remaining budget should be allocated to bathrooms, home offices, outdoor spaces, and other rooms.

For a $2,000,000 Home

  • Living Room: $100,000 to $180,000. This includes designer sofas, custom-made coffee tables, state-of-the-art entertainment systems, and premium decor.

  • Bedroom: $80,000 to $150,000. This includes luxury beds, high-end mattresses, designer nightstands, dressers, and decor.

  • Dining Room: $40,000 to $90,000. This includes a custom dining table, designer chairs, and upscale dining room decor.

  • Kitchen: $40,000 to $90,000. This might include custom bar stools, designer kitchen tables, and high-end small appliances.

  • Other Areas: The remaining budget should be allocated to bathrooms, home offices, outdoor spaces, and other rooms.

3. Quality Over Quantity

Invest in key pieces that will last longer and maintain their value. High-quality furniture can be more expensive upfront but will save you money in the long run by avoiding frequent replacements.

4. Personal Style and Needs

Consider your lifestyle and how you use each space. If you entertain often, investing more in the living and dining areas might be a priority. If you work from home, a comfortable and functional home office could be more important.

5. Flexible Budget

Keep some flexibility in your budget for unexpected expenses or impulse buys. This can help you avoid going over budget and ensure you can accommodate any changes in your needs or preferences.

6. Second-Hand and DIY Options

Consider second-hand furniture or DIY projects to save money. High-quality, gently-used furniture can often be found at a fraction of the cost of new items.

7. Seasonal Sales and Discounts

Take advantage of sales, discounts, and promotions to stretch your budget further. Shopping during major sales events like Black Friday or end-of-season sales can provide significant savings.

8. Additional Considerations for $1,000,000 Homes

High-End Customization

Consider custom-made furniture, bespoke decor pieces, and unique art installations to add a personal and luxurious touch to your home.

Professional Interior Design Services

Hiring a professional interior designer can help ensure that your budget is spent wisely and that the end result reflects your style and meets your needs.

Smart Home Technology

Investing in smart home technology, such as automated lighting, heating, and security systems, can enhance the functionality and luxury of your home.

Luxury Amenities

Consider adding luxury amenities like a home theater, wine cellar, gym, or spa to increase the comfort and value of your home.

Outdoor Spaces

High-value homes often have significant outdoor spaces. Invest in high-quality outdoor furniture, landscaping, and outdoor entertainment areas to maximize the use of these spaces.

By carefully planning your budget and considering your personal needs and style, you can create a comfortable and stylish home that reflects your taste without overspending.

Contact us today to schedule your personalized shopping experience

(209) 823-2122

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This canvas artwork piece of dogs on a porch near the beach is a beautiful and relaxing work of art that captures the peaceful and serene atmosphere of coastal living. “A Simple Life” depicts a charming porch where the dogs are enjoying the sun, view of the ocean, and the cool breeze. The orange sunrays peak through the clouds and cast silhouettes of a boogie board, sandals, and beachball, adding to the natural beauty of the setting. The effect of tranquility and relaxation in this piece, invites the viewer to appreciate the natural beauty and serenity of coastal living. It celebrates the joy and wonder of our beloved furry friends and the breathtaking beauty of the natural world, making it a great addition to any home decor.

Moey B.
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"Best furniture store in town! Elizabeth is wonderful & always willing to work with your budget. We have now purchased several QUALITY pieces from Hafers and couldn't be happier with them!"
Sandie S.
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"We have purchased several pieces of furniture from Hafers and love all of them. The quality of the brands they carry is exceptional and the staff is more than helpful."
Helen L.
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"Great selection, quality and customer service! No need to shop anywhere else! Good experience. Love my bedroom set. Delivery service was exceptional."
Dave D.
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"The prices were very reasonable for the quality. The sales staff were very professional and were there to answer any questions we had."
Kelly C.
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"Purchased many items for our home a few years ago. Still looks great with 2 active kids. Highly recommend."
J. P.
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"I ordered a recliner with heat massage and the person who helped find it was very helpful. When it came the delivery guys did a great job setting up and showing me how it works."
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