How Much Does It Cost to Furnish a House?
Isn’t that a loaded question? Ha! The answer could be free to tons of money. You could pick someone else’s junk off of the side of a street or you could go into some major debt trying to buy everything for your house through the catalogs.
The other variable is size. If you have a smaller space, like an apartment, it will cost less than that McMansion.
One rule of thumb I have heard is count on about 25% of your home’s value.
So if you bought your home for about $250,000 your furnishing budget would be $62, 500. Now, that seems a bit on the high side for me. A house that is $250,000 is going to be about 3 bedroom, 2 bath home. I would say you could furnish it for about half of that, if you don’t go crazy. If you want to get a little more custom, I could see spending the $62, 500.
Here are some of my guides for the rooms of the house.
Living Room
Mid Range $6,500
Higher Range $12,500
Dining Room
Mid Range $6,100
Higher Range $13, 300
Family Room
Mid Range $8,200
Higher Range $16,000
Bedroom
Mid Range $6,000
Higher Range $12,400
Master Bedroom
Mid Range $7,200
Higher Range $15,000
Home Office
Mid Range $3,700
Higher Range $7,800
I know there will be some people who balk at some of these numbers and some who will think they are too low. It all depends where you are in the country, what your taste is and how you go about furnishing you home. Just remember, you get what you pay for most often than not.
