The Best Places to Find Affordable Home Decor (That Looks Expensive!) (2024)

FAQs

Who spends the most on home decor? ›

In terms of home decor, Americans spend an average of $1,599 per year, per our survey. Millennials spend about 23% more on home decor than Boomers, who are more likely to have favorite furnishings and collectibles on hand.

Average Range: Studies suggest that individuals typically spend anywhere between $1,000 to $10,000 per year on their house's interior decorating. This range includes expenses related to artwork, furniture purchases, decor items, and other similar investments.

Your home should reflect you. Small details, decorative home accents, touches of your favorite color- these are the things that make a home personal and comfortable. Framed photographs are wonderful, and absolutely is one of the quickest ways to make a space feel truly your own.

While Homegoods has ever-changing and name-brand products, there is no guarantee that every store will have the same items, but At Home only sells its own personal collections. Despite being an up-and-comer, At Home is known for being more organized and cleaner than HomeGoods, and you'll notice it.

As a general rule of thumb, we suggest allocating about 7-10% of the home's value for interior design expenses. This will give you a design with some "Mid-Range" products. If you're looking for "Designer" level finishes, we recommend budgeting about 25% of the home's overall value.

While there's no guarantee that you'll become a millionaire as an interior designer, it is certainly possible to make a lot of money in this profession. In fact, many successful interior designers are able to earn six-figure incomes and even become millionaires!

Interior designers can charge anything between 3 lakh to 7 lakh or more based on the kind of interiors you choose and the size of the project.

If you need to completely start from scratch on a room, $5,000 is a great staring budget. From there, you can determine if you want to spend more or less on things like accessories that are also very important to pulling together a space!

Of course, this can vary greatly (and we'll get into those variables in a second), but in the interest of giving you an idea, a living room budget should be between $9,000 and $60,000. That's if you're looking for high-quality, well-made pieces.

Which room should you decorate first? ›

Once you have set the tone for the room of the house that has the most impact –the living room- you can start designing the rest of your home around it. If you want your living room to look modern, but the bedroom to seem contemporary, just go for it. The home will gain personality!

Our buyers are opportunistic and entrepreneurial. So when a designer overproduces or other stores overbuy, we swoop in, negotiate the lowest possible price, and pass the savings on!

Be a Weekday Warrior

If you can swing it, Christine recommends visiting at a different time for ease of shopping and a robust selection. “If your schedule allows it, Tuesday through Fridays middays are the best time to shop at HomeGoods,” she says. “Everyone is at work and the store is quiet and well-organized.

HomeGoods is owned by TJX Companies and is a sister company to T.J. Maxx, Sierra Trading Post, and Marshalls. The size of each store varies by location. There are locations in the United States that combine both the HomeGoods and the T.J.

As a designer, your target audience is more specific than the blanket statement of "any homeowner." You're searching for individuals who not only own their homes but also boast a substantial household income and have specific concerns about their living spaces, such as the desire to transform their kitchen.

When comparing global figures, it is noteworthy that in the United States generates the highest revenue, reaching US$33,390m in 2024.

Demographics: Age, gender, income, location, and occupation are all important factors to consider when identifying your target audience. By understanding the demographics of your ideal clients, you can better tailor your marketing messages and design services to their needs.

Furniture Buying: Who's Spending & How Much? U.S. consumers in the 35-44 age group spend more, on average, for residential furniture than any other age category. Next highest is the 45-54 age group.