Ever wondered if you could afford an interior designer, and if it’s worth the cost? What about how much you should budget in for the project you want to do?
Ever wondered how an interior designer prices out a project?
Watch the video here or read on below 🙂
Hi, my name is Kayla Goldstein and I am an interior designer. I design family homes and make dreams come true. So you want to know if you can afford a designer and how much money to allot?
Well, first things first, have a budget. Have an amount of money that you are willing to spend on your renovation, redesign, or whatever you feel comfortable calling it. Having a budget shows you are committed, you are in the mind-space, and you are ok with spending any money at all.
Once you have your budget, the designer fee will usually end up being about 20% of it. Let us do some math. Let’s say your budget is $10,000. A minimum of $2,500 would probably be going to your designer. This can mean that you now have $7,500 to spend on furnishings and materials or it can mean that you now have a new budget of $12,500. Up to you.
This doesn’t mean that when a designer gets a quote she deducts 20%, sends you a quote, and continues on her day. A quote is based on many clues like the type of project, the scope of work, how involved you will be, the finishings level, etc. Your budget is only a clue for her as to what the total project is going to entail and how she should price it out.
So, the budget is important. But lets say you know what you want to do and you don’t know how much money to save up. Below are some ideal budget minimums.
For a full renovation including demo, construction, paint, furnishings, etc. you need to factor in about $5,000-$10,000 + your design fee at a minimum per room.
For a redesign where you are just switching out the furniture, maybe painting, but no demo or construction, you would need to factor about $1,000-$2,000 + your design fee at a minimum per room.
If you just want to pull a room together, bring in some accents, and make it look professionally designed, you would need to factor about $400-$700 + your design fee at a minimum per room.
Now, these are all of course minimums, and according to my clientele. Obviously, the more money you have in your budget the better your room will look there are no two ways about that.
So make sure you know your budget, what you want to do, and what you are going to tell your designer- and be transparent to her! Interior designers are not just providing a service. It is a relationship built on trust, you are letting her into your home and letting her design your private space.
Another note, don’t go for the cheapest designer, go for the designer you most connect to- you have your budget, you know what you can afford, get that.
Now go get your quotes! If you want a quote from me, you can click here to fill out the form 🙂
Always here for you,