What Budget Should I Have?

Establishing a Budget is perhaps the most important decision one can make in purchasing a rug. Two factors are critical – how much can one afford, and how much should one have to spend? The first issue depends on the buyer's finances. The second issue depends on the type of rug that one requires, which in turn involves its size, age, quality, rarity, condition, and market demand. While deciding how much to spend is ultimately based on the buyer's resources, it also involves a certain degree of learning or education on the buyer's part – discovering the market cost of the qualities that one is seeking, and gradually adjusting to realities of cost. One can then decide to spend more or to settle for less, and to strike a balance among the various trade-offs. The more realistically one approaches budget, the more effective or efficient the search for a rug becomes.