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How to Budget for Your Home Project

Renovating or furnishing your entire home can be an exciting and transformative process. However, to ensure that your project goes smoothly and stays within budget, it's essential to break down each room's expenses carefully. At Larkin Living Spaces, we understand the importance of meticulous planning, and in this blog post, we'll guide you through the process of how to budget for your home project to create the space of your dreams.

1. Setting Your Budget: Allocating Wisely

The first step in any successful home renovation or furnishing project is setting an overall budget. Once you have your total budget in mind, it's time to allocate the funds to different rooms in your home. Consider whether certain rooms require more furniture or updates than others and allocate a higher percentage of your budget to those spaces. This approach allows you to prioritize rooms that need more attention while ensuring you have ample funds for each area of your home.

2. Don't Overlook the Small Pieces and Decor

One common pitfall in home projects is forgetting to account for the small pieces and decorative elements in the space. It's natural to focus on significant furniture pieces first, but neglecting the smaller accents can lead to going over budget later on. Surprisingly, these smaller pieces can account for up to 20% of your total room budget.

To avoid this, be sure to factor in the cost of decor, lighting, rugs, artwork, and other smaller items right from the beginning. By doing so, you'll ensure that you have enough funds left to pull the space together seamlessly and create a cohesive and inviting atmosphere.

3. Creating a Detailed Plan for Each Room

Once you've broken down your budget by room and accounted for the smaller pieces, it's time to plan out your next steps. Our approach is to start with the larger furniture pieces and work our way down to the smaller accents.

Begin by envisioning the layout and style you want to achieve for each room. Consider the color scheme, overall theme, and functionality of the space. This will help you make informed decisions while shopping for furniture and decor. When you have a well-thought-out plan, it becomes easier to create a harmonious and visually appealing living space.

4. Let Us Bring Your Vision to Life

At Larkin Living Spaces, we take pride in our ability to turn your entire budget into the room of your dreams. We work closely with you to understand your preferences, lifestyle, and design goals. From there, we'll curate the perfect combination of furniture, decor, and accessories to bring your vision to life.

With us handling the intricate details of the design process, you can save valuable time, energy, and money. We believe that creating your dream home should be an enjoyable experience, and we strive to make it as stress-free as possible.

If you're ready to turn your house into a haven, be sure to access our free room planning resource. Let's work together to create the home you've always envisioned, one room at a time. Contact Larkin Living Spaces today to get started on loving your space!

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