Homeowners are no stranger to the unexpected costs that come with homeownership. According to the National Association of Homebuilders, during the first two years after closing on a house, a typical home buyer of a single-family detached home spends $4,500 more than someone who didn’t move. Their findings show that not only is moving expensive, but how we spend on our home really starts to add up.
There are plenty of ways to trim back on expenses, from cutting the cable to opting for less expensive appliances, but there are several things you should splurge on when it comes to your home. From artwork to the right lighting, here are four home items worth spending money on.
Artwork transforms a house into a reflection of its owners, but skimping on quality can make your home look cheap. Fortunately, there are ways around spending a fortune on a work of art. Look for original creations in your community at fundraisers, farmer’s markets and consignment sales to score a deal on quality. Another option is to look for quality watercolors and prints from an online retailer. While it won’t be a one of a kind, you will have the benefit of browsing reviews of collections of artwork that captures your personality.
The sofa is one of the most integral parts of your living area and will likely take up the most space. It should be both visually appealing and comfortable, and made to last. According to The Spruce, a high-quality sofa should last around 25 years, with the average lasting 10.
That kind of a long-term investment requires the right price point to hit all of your goals from comfort to functionality. Spending a few hundred dollars is unlikely to yield a high quality so far. According to Home Advisor, the average price for a new sofa is around $2,000. If you can’t spend that much, think about a pre-owned, gently used sofa or going vintage.
Getting a fresh coat of paint inside your home can give your house a refresh, but skimping is a slippery slope. Some painters might quote well under their competition, but fail to mention they’re planning to use cheap paint or just use one coat. Less expensive paints are usually diluted with solvents, and need more coats to cover your walls, making your problem even worse if your painter is planning to skimp anyway. Either spend on a quality painter or put your money into high-quality paints if you’re planning to paint yourself. It’s well worth the investment and keeps your walls looking clean and fresh for years to come.
Adding standard light bulbs to your home and forgetting about it can impact your mood and make your home feel less than relaxing. In reality, adding some long-lasting LED bulbs is better for your wallet and the environment over the long-haul. Include some dimmer switches to soften your lighting, and invest in a few quality light fixtures to pull your home decor together. This is where you can get creative. Add a faux chandelier to your bathroom, textured option with bold colors in your bedroom or opt for some under the cabinet ambient light in your kitchen to illuminate a soft and cozy look.
Managing your expenses and looking for budget options are smart ways to reduce your home’s overhead costs, but can also backfire without the right strategy in place. Trim back where you on areas like throw pillows and rugs and invest in quality items from artwork to lighting for a long-lasting impact.