Establishing a Rug Budget

What Budget Should I Have and How Much Should I Spend When Shopping for an Antique Rug?

All the Questions You May Have About Rugs and Carpets

One of the most frequently asked rug question is: “how much should I spend on a rug?” Establishing a rug budget is perhaps the most important decision one can make in purchasing rugs. After all, this decision will impact every other decision about the type of rug that you will be buying.

Establish a Rug Budget - Nazmiyal Antique Rugs

How much should I spend on a rug?

Make sure to consider the following factors when establishing your rug budget:

  • Absolute min max size rage – the more flexible you are on size, the more options you will have to choose from.
  • Rug Design – for the most part, in the USA, medallion design rugs will cost less than all over design rugs.
  • Condition – the condition of the rug impacts the value so if you are okay with wear and restoration then you should have more options to choose from.
  • Type Of Rug – Rug styles, like anything else, go through cycles. You may be able to save money by going for something that is less trendy these days.

How much should one spend on a rug

While there is a great deal to consider when deciding how much to spend on a rug, there are basically two factors to consider:

  • How much can one afford?
  • How much should one have to spend?

The first point depends on the buyer’s finances. We all want to have the best and most perfect pieces for our home. But while not all expensive rugs are beautiful, many beautiful rugs tend to be more expensive.

The second point has more to due with taste and value. No one wants to overpay, especially these days. While deciding how much to spend a rug is ultimately based on the buyer’s financial resources, it does also involve the level of taste and sophistication a buyer may have. As one searches for the perfect rugs and hones in on the style, general look and feel of the carpet they are looking for, they will begin to narrow down the focus of the search. As one sees more and more rugs of a certain type, look, age, and condition they start to educate themselves on the value. While antique rugs do vary a lot, and while costs may differ based on the rug dealer, certain price bracket patterns do start emerge. That is why, it is just as important, which carpet dealer to buy from, as it is the actual rug you choose.

An educated consumer is the best buyer. The more you see, the more you understand how rug prices, cost and value are determined and that will help you set the budget per the specific type of rug you want.

Ultimately, people can spend whatever they wish on a rug. But aligning the expectation with the reality of ones rug budget will go a long way towards a far more efficient use of time while navigating the world of antique rugs.

This rug blog in our Rug Q&A’s series about Establishing a Rug Budget was published by Nazmiyal Antique Rug Gallery In Manhattan New York City.

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