
| July 2011 HOW DO I SET A REALISTIC BUDGET ? Part of your basic planning involves establishing a realistic budget. The following chart is a guideline for redecorating a living room. The prices listed are approximate prices for one item in each category. Be aware that you may need to multiply the prices in some categories, such as lamps and pillows. Also, remember different items will probably be purchased from different price categories. This allows you flexibility in adjusting your budget as needed. ITEM HIGH-END MID-RANGE ECONOMICAL Sofa $5000 $2500 $ 750 Chair $2300 $1400 $ 450 End Table $ 850 $ 450 $ 250 Cocktail Table $2500 $ 800 $ 350 Sofa Table $1500 $ 550 $ 300 Window Treatment $2000 $ 900 $ 300 Rug $6000 $1200 $ 300 Lamp $ 650 $ 250 $ 50 Accessory $ 350 $ 100 $ 25 Artwork $5000 $ 750 $ 175 Pillows $ 290 $ 75 $ 25 Plants $ 350 $ 100 $ 30 TOTAL $26,915 $9,125 $3,020 |