Decorating budget: where to invest and where to save?
Interior design remains a thriving market, driven by people’s desire to transform their homes into true havens.
Interior design remains a thriving market, driven by people’s desire to transform their homes into true havens. But with inflation on the rise, the question of budget becomes paramount: how can you create a harmonious and stylish interior without breaking the bank? By making thoughtful choices and finding good bargains, it is possible to invest in essential items for comfort while unearthing unique pieces at affordable prices, without sacrificing the style of your interior.
A flourishing global market
In 2020, Allied Market Research predicted that the global market for interior and exterior decoration would reach $840 billion by 2027, compared to $617 billion in 2019. In France, this sector is worth nearly €26 billion, split almost equally between furniture and interior design.. In France, this sector is worth almost 26 billion euros, shared almost equally between furnishings and interior decoration.
Inflation prompts a rethink of spending habits
In 2022, decorating living spaces thus represented 37% of interior renovation works, confirming this enthusiasm. Inspired by minimalist, Hygge, eclectic or maximalist interiors shared on social media, people fill their dream boards with ideal images. But between online inspiration and bringing it to life at home, inflation now presents a very real obstacle.
Planning for smarter spending
Because every project requires planning, interior decoration is no exception. The secret is to set an overall budget for decorating each living space. It is also important to analyse each room's needs and classify them into three categories: the fundamentals, essential for comfort (bedding, sofa, main furniture); the finishing touches, which add style (such as door handles); and decorative elements. This mapping enables you to identify which items to prioritise, which can be purchased inexpensively or second-hand, and which bring strong aesthetic value to the interior.
The balance between statement pieces and accessible furniture
A true personal signature, the interior of a home is composed of a subtle blend. Rare or unique pieces, sometimes found at flea markets or on second-hand apps, sit alongside more affordable furniture, sometimes chosen for its practicality, properties or neutrality.
It's all about balance, provided the harmony reflects the homeowner's aspirations and conveys their personality.
Where to invest?
It's better to reserve your budget for comfort essentials that will serve you daily:
- Bedding
- Sofa
- Dining table
- Main storage units
These are items purchased to last, which also set the tone for a room, particularly sofas and dining tables. Their quality and durability, in addition to their aesthetic qualities, may justify a larger budget.
Where to save?
On the other hand, other elements offer excellent opportunities for savings:
- Rugs and textiles
- Chairs and small seating
- Lighting
- Decorative accessories
These items will complement the main pieces and can offer interesting versatility for evolving your interior with the seasons, changes in the household, and shifting desires!
The secret to a personalised and comfortable interior? Investing in solid fundamentals, placing a few statement pieces, and playing with accessories.
