How much does it cost to furnish a condo?

Are you moving into your own condo? Do you want to know how much it will cost to furnish the condo? While furnishing any home can get pricey, knowing what is and what isn't essential is the key to saving money.

Essentials Vs. Non-Essentials

Determining what is and what isn’t essential in your new condo is paramount to saving money. Needs versus wants are certainly difficult for some people to grasp, but it sure does come in handy when purchasing items for your home.

Some examples of needs versus wants are a mattress versus a China hutch. While you need a mattress to sleep on, you can probably hold off on that hutch until you have the money to afford one. Another example is a desk (if you have school or work from home, especially) versus an 85" big screen TV.

Your Budget

Possibly one of the most important things when it comes to furnishing a condo is your budget. Creating and sticking to that budget is crucial when buying furniture. When creating your budget, remember to be realistic. If you only budget $100 for a couch, you probably won’t end up with a very great couch.

Of course, you’ll want to base your budget on your income and what is realistic to you. Another thing you’ll want to base your budget on is the level of importance that item might have for you. For example, if having an incredibly nice recliner is important to you, but you really don’t care about the condition of your dining room table, then you can skimp on the table and spend more on the recliner.

How Much Does It Cost To furnish a Condo?

When looking at the cost of how much your condo will cost to furnish, it is important to keep the items’ price ranges in mind. There is no set number for each item. It is up to you, your budget, and your importance level on each item to decide what to spend.

Below is a list of necessities you will need to furnish your condo. Again, these are just price ranges you will see when shopping, it is up to you how much is spent.

Cost of Furniture:

• Couch: Couch prices range a lot depending on the quality.
  • You can expect to spend anywhere from $500 to over $2,000.
• Side Tables: You don’t need to spend as much on side tables since their wear and tear isn’t as significant as other furniture items.
  • You can expect to spend anywhere from $20 to $300
• Dining room table: Dining room table set prices vary greatly depending on the quality of the set.
  • Prices can range from $500 to over $1,000.
• Mattress: Mattress prices vary greatly depending on the brand, quality, size, and build of the mattress.
  • Mattress can range from $400 up to $4,000.
• Bed frame: You can get a platform bed frame for your mattress cheaply.
  • This can cost around $100 to @200.
• Nightstands: Nightstands are not essential for your home, but they are great to have since they can hold your items like your phone, water, etc.
  • Prices can vary from $20 up to $200.
• Lighting: You can keep lighting cheap if you need to, or you can make your lighting a focal piece and spend more on your lighting fixtures.
  • Prices can range from $10 to over $500 depending on what you want.

Overall, furnishing a condo depends on how much you want to spend. If money is tight, pick and choose what amount is good for you and what furniture pieces you need versus what you can wait on. Another thing you can do is to get hand-me-downs from friends and family members. Your furniture might be used, but you won’t have to spend the money buying new items.