How much to spend on furniture as percentage of home price?
Just wondering if anyone had seen guidelines on how much to spend to furnish a home in line with its value?
In other words, we read a lot about not "over improving" a home, but I am wondering about "over furnishing" - we spent a lot of money (for us) renovating and moved from a 1 bedroom apt to a 3 bedroom apt, and it is time to get rid of our old post-college furniture, which really looks terrible in our lovely new apt.
Not to mention, there are a lot of pieces we just don't own (e.g. old apt - no dining room; new apt. has a dining room.)
We've been discussing this as a couple, and wondering what a "reasonable" budget would be to furnish this place.
We have savings set aside for furniture, but also want to be realistic about use - e.g. we'll def. spend more on the DR set as it will be a keeper for the next 30 years, and less on the sofa as kids will beat it up.
So, has anyone ever seen a guideline? Like if you spent X on your home, to furnish it medium and medium-high end will cost you 10%, 20% or whatever of X.
By medium and medium-high, I mean companies like Bernhardt, Baker, Drexel, John Richard, etc. - not European antiques or bespoke craftsmen creating fine custom furniture.
Thanks in advance...