How to Budget for Furnishings

By Terra McNutt

 

 

When you’re buying or building a new home, one of the first, most crucial steps in the process is creating a realistic budget. A common mistake is forgetting to set aside an adequate amount of funds for furnishings and décor. Here is our handy guide on how to budget for furnishings.

Every home design project is unique, so costs can vary depending on details like the home size and quality of selections. When decorating a high-end home, a common budgeting rule of thumb is to set aside anywhere from $35-$50 per sq.ft. to completely furnish your space.

Regardless of how you choose to decorate your home, there are some items homeowners often forget to budget for. As you create your furnishing budget, don’t forget the following:

  • Soft furnishings like pillows and draperies
  • Artwork
  • Shipping or delivery costs
  • Hallways and entry spaces
  • Interior design fees

It’s important to note that while every interior design firm charges a fee for their services, hiring an interior designer is a cost-saving measure in many ways. As design experts, we help our clients avoid costly mistakes and we will sit down with our clients in the first phase of their project to develop realistic budgets for each area in their home so that in the end there are no surprises.

If you’re looking for an interior designer to help guide you on how to budget for furnishing in your home, RI Studio would love to help. Our award-winning design team has extensive experience managing design-build projects and selecting furnishings for our clients’ homes. Contact us to learn more.


The Story of RI Studio – I

Part I | By Terra McNutt

Dear readers, 

Welcome to RI Studio – where authentic design meets elevated interiors. It is my hope that you will feel at home within these pages. I hope you will also find the RI Studio blog to be a valuable resource for you and for all of your interior design and design-build needs. With more than a decade of experience in the industry and multiple award-winning projects, I have a deep well of information and expertise that I am delighted to share with you. First, a little more background information on how RI Studio came to be and how we cater to our clients’ needs from dirt to drapes. 

I have always had an entrepreneurial spirit. It’s in my blood and in my DNA. My childhood was spent accompanying my Dad, a seasoned homebuilder, to job sites. This exposure to construction sites has helped shape my deep love for architecture. So much so that it led me to pursue a minor in architecture at Texas Tech University while also realizing my true passion and majoring in interior design. 

Founding RI Studio in 2018 was never a matter of “if,” but “when.” Before that could happen, I knew I wanted to spend the first few stages of my career sharpening my skills. This would require me to establish my reputation, and build a network of strong industry partners. I spent the past decade designing at renowned firms like Hawkins-Welwood Homes, Traci Connell Interiors, and Lucas/Eilers Design Associates. My experience with these firms helped me build my technical skills and hone in on my aesthetic. 

I believe that interior design is a reflection of us as people. Great design should be an extension of a client’s lifestyle. It should take into account how people live, work, and entertain. Those are the moments that life is all about, and interior design helps facilitate and nurture those moments. The “RI” in RI Studio stands for “rendered interiors”. We have an eye for architectural detail and can envision every project fully with the precise finishes and furnishings. This provides our clients with the confidence to know that our clear vision will result in a design that is creative, innovative, and uniquely theirs. 

The first two years of our story have been full of tremendous growth. We have also been humbled by the number of industry awards and accolades. The greatest gift we’ve come across so far is the number of happy clients whom we’ve grown to cherish. We’ve become known as the firm that creates designs that are exclusive, elevated, and a little bit unexpected. Whether our clients are homeowners or home builders, each new project is an opportunity to surprise and delight my clients and my own sense of wonderment for rendering beautiful interiors. 

Each project is individualistic; no two ideas are ever repeated. This is the crux of the RI Studio tagline: “Rendered Interiors. Exclusive Designs.” 

Welcome to RI Studio. Welcome home. 

Signed, 

Terra