
Furnishing a home can be a daunting task, especially if you're on a budget. The cost can vary greatly depending on the style and quality of the furniture you choose.
On average, it's estimated that furnishing a home can cost anywhere from 10% to 30% of the home's purchase price. In a 2,000 square foot home, this translates to a budget of $20,000 to $60,000.
If you're planning to furnish a new home, it's essential to create a realistic budget and prioritize your needs. Consider the number of bedrooms and living areas, as well as the size of each room, to determine how much furniture you'll need.
For example, a small bedroom may only require a bed, nightstand, and dresser, while a larger living room may need a sofa, armchair, coffee table, and TV stand. By prioritizing your needs, you can allocate your budget effectively and avoid overspending.
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Factors Affecting Cost
Furnishing a home can be a daunting task, but understanding the factors that affect the cost can make a big difference. The type of property is a significant factor, with studio or apartment furnishing being easier and cheaper than single-family homes or townhouses due to smaller spaces and simpler needs.
The size of the property is also a major determinant of cost, with each square foot costing around $10-$15 to furnish. This means that larger homes will naturally cost more to furnish.
The number and type of rooms in the property also play a role, with bigger homes and more rooms incurring higher furnishing costs. Amenities like swimming pools, hot tubs, and home gyms can also inflate the cost of furnishing.
Here are some key factors to consider when it comes to furnishing a home:
- Type of property: Studio or apartment vs. single-family home or townhouse
- Size of property: Square footage and cost per square foot ($10-$15)
- Number and type of rooms: Bigger homes and more rooms cost more
- Amenities: Availability of amenities like pools, hot tubs, and home gyms
Factors
Furnishing a house can be a daunting task, but understanding the factors that affect the cost can make all the difference. The total price of furnishing a residential property is determined by several key factors.
The type of property is one of the main determinants of cost. Furnishing a studio or apartment is easier and cheaper than a single family home or a townhouse due to smaller spaces and simpler needs.
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Size matters when it comes to furnishing a house. On average, each square foot costs about $10-$15 to furnish.
Decorations are not a must in terms of functionality, but they are necessary to make a house feel cozy and complete. The corresponding cost can be anything from a few dollars to multiple thousands of dollars.
The number and type of other rooms in a house also play a significant role in determining the cost of furnishing. Bigger homes with more rooms, such as dining rooms, guest rooms, home offices, home libraries, or laundry rooms, incur higher furnishing costs than smaller homes with just basic rooms.
Here's a breakdown of the costs associated with different types of rooms:
The tier of furnishing also plays a significant role in determining the cost. Generally speaking, there are three tiers when it comes to furnishing a house: basic, standard, and luxury.
The quality and brand of furniture have a major impact on the total cost. Hiring a professional interior designer incurs additional costs, but sourcing furniture via a design company can lower the cost by 10-20% as companies have access to industry discounts.
Budget is also a crucial factor in determining the cost of furnishing a house. Homeowners and investors take into account their budget when deciding how much to spend on furnishing their property.
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Interior Designer Fees
Hiring an interior designer can be a great way to get professional help with selecting and coordinating furniture. You can expect to pay between $50 to $200 per hour in consultation fees, or $500 to $1,500 per room for designs.
La-Z-Boy offers complimentary design services, which can save you significant costs. Hiring a designer can make the entire process easier, especially if you're limited on time.
Interior designers often have ongoing relationships with suppliers that result in discounted prices for furnishings. This can be a huge advantage if you're on a budget.
Here are some estimated costs for hiring a professional designer:
Keep in mind that these are just estimates, and actual costs may vary depending on your location and the designer's expertise. However, with the right designer, you can get high-quality furniture and decor at a lower cost.
Creating a Budget
Creating a budget for furnishing your home is crucial to avoid going into debt. It's essential to know what to include and not include in your budget, such as furniture, rugs, artwork, decor, and light fixtures, but not paint, cabinets, flooring, electronics, and appliances. These items should be included in the home purchase or build cost.
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To create a realistic budget, consider the essential items you need right away, like a bed or a table and chairs. You can also prioritize your spending by focusing on the must-have bedroom furniture, which includes a queen or king bed frame, mattress, two nightstands, closet, dresser, ceiling light fixtures, and curtains. The average cost of furnishing a primary bedroom is $3,000-$6,000, but can range from $1,500 to $20,000.
To save money, consider buying second-hand furniture, repurposing old pieces, and price shopping. You can also invest in multi-functional pieces, like a sofa bed that serves as seating and a guest bed. By following these tips, you can furnish your home without breaking the bank.
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Creating a Budget
Creating a budget is essential when furnishing your home, and it's not just about setting a number. You need to consider what to include and what to leave out. Items like furniture, rugs, artwork, decor, and light fixtures should be in your budget, while things like paint, cabinets, flooring, electronics, and appliances should be included in the home purchase or build cost.

To create a realistic budget, you should know what you want and need. A good starting point is to identify the essential pieces you need right away, such as a sofa, bed, dining table, and kitchen essentials. This will help you prioritize your spending and avoid overspending on non-essential items.
Here's a rough estimate of the costs you can expect for different rooms in your home:
Keep in mind that these are just rough estimates, and the actual cost will depend on the size of the room, the type of furniture you select, and your personal style. By creating a budget and prioritizing your spending, you can avoid going into debt and still create a beautiful and functional home.
It's also a good idea to consider buying second-hand furniture or DIY projects to save money. Some people find great deals at thrift stores or online marketplaces, while others enjoy repurposing old pieces with new paint and hardware. Whatever your approach, remember to stick to your budget and take advantage of sales and discounts as they arise.
Rental Costs
Furnishing a rental property can be a significant expense. The average cost of furnishing a furnished rental is $4,000-$50,000.
This cost can vary depending on the type of rental. Furnishing a long-term rental costs slightly more than furnishing an Airbnb, with an average cost of $4,000-$50,000.
For furnished rentals, it's worth investing in higher-quality furniture to attract traveling professionals and remote workers who tend to take better care of properties.
Furnishing a rental property costs less than furnishing a primary home, with an average cost of $5,000 to $30,000 for a furnished rental house or property.
This lower cost is due to the fact that furnished rentals are usually relatively small and don't require all the supplies needed for a primary home or Airbnb.
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Room-by-Room Breakdown
Furnishing a home can be overwhelming, but breaking it down by room can make it more manageable. The average cost to furnish a kitchen ranges from $1,000 to $30,000, with kitchen cabinets being the most expensive item.
A guest bedroom or kids room can be furnished for between $1,500 and $12,000, depending on the size of the room and the level of comfort desired. The cost of furnishing a dining room can be anywhere from $1,400 to $61,000+, with the price depending on the size of the table, the number of chairs, and the quality of the furniture.
Here's a breakdown of the estimated costs for each room:
Keep in mind that these are just estimates, and the actual cost of furnishing a home can vary greatly depending on the size of the space, the quality of the furniture, and the materials used.
By Type
Furnishing a home can be overwhelming, but breaking it down by room makes it more manageable. The average cost to furnish a dining room is between $1,000 and $18,000, depending on the size, style, and quality of furniture.
A dining room typically requires a dining table, 4-8 side chairs, a china cabinet or buffet, ceiling light fixtures, and curtains or window treatments. The cost of a dining table can range from $150 to $4,000, while dining chairs can cost between $100 and $2,000 each.
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The average cost to furnish a living room is between $970 and $10,300, which includes a sofa, coffee table, end tables, lamp, area rug, artwork, and curtains. A guest bedroom or kids room can cost between $1,500 and $12,000, depending on the size and level of comfort desired.
The cost of backyard and patio furniture varies, but a patio set can cost between $400 and $2,000, while decorative lighting can range from $30 to $200. The average cost to furnish a patio or outdoor space is between $3,000 and $20,000.
Here's a breakdown of the estimated costs for each room:
Keep in mind that these estimates can vary depending on the size of the room, the level of comfort desired, and the available budget.
Hire a Designer
La-Z-Boy offers complimentary design services, which can save you significant costs.
An interior designer can save you time and money by selecting and coordinating furniture for you. Hiring a designer can make the entire process easier, especially if you are limited on time.
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Interior designers cost between $50 to $200 per hour in consultation fees or $500 to $1,500 per room for designs. They often have ongoing relationships with suppliers that result in discounted prices for furnishings.
Hiring a designer can be a worthwhile investment if you value your time and want to avoid the hassle of furniture selection.
Cost Estimates
Furnishing a home can be a daunting task, especially when it comes to budgeting. The cost of furnishing a house increases by $10-$15 for every extra square foot, according to our research.
The average cost to furnish a living room is a wide range, from $1,500 to $25,000, depending on the size, furniture, and style of the room. This means that a small living room with second-hand furniture can be furnished for as little as $1,500, while a spacious, luxurious living room can cost upwards of $25,000.
A great way to estimate the cost of furnishing a living room is to break it down into individual items. For example, a sofa can cost anywhere from $300 to $3,500, a coffee table can range from $50 to $2,000, and curtains can cost between $20 to $200 per window.
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Here's a rough estimate of the cost of furnishing a living room based on the items listed in the article:
Keep in mind that these are just rough estimates, and the actual cost of furnishing a living room can vary greatly depending on your specific needs and preferences.
Calculating the Total
The cost to furnish a home can range from $13,000 to $100,000, depending on the quality of furniture and space.
This huge range takes into consideration not just furniture costs, but also factors like market, property type and size, and number of bedrooms and bathrooms.
The average cost to furnish a house is between $10,000 and $30,000 for most property types.
However, prices can range from $5,000 to $100,000+, depending on the specifics of your situation.
Your property purpose, whether it's a primary home or rental property, and your owner budget should be the driving forces behind your furniture and decor choices.
The quality of furniture, amount of decor, and house use also play a significant role in determining the final cost.
Frequently Asked Questions
How much more does a furnished house cost?
Furnished houses can cost 10-50% more per month, depending on the lease duration and rental platform
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