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2019 vs 2024
Published:
September 15, 2024
Joseph Haecker
Design Talk Live, LLC. (DBA: The Live Broadcast Network)
Designwal News is your go-to source for the latest updates, trends, and in-depth coverage of the interior design industry. As the in-house publication of Designwal, Inc., we bring you breaking news, insightful articles, and expert opinions on everything from business mergers to market shifts. Whether you’re a seasoned designer, a manufacturer, or an industry enthusiast, Designwal News keeps you informed and ahead of the curve with engaging content tailored to the design community. Stay connected, stay inspired, and stay informed with Designwal News.
Is Furnishing a Home in 2024 a Pricey Pandemic Hangover?
Published:
Sunday, September 15, 2024

Remember when we used to walk into a store, choose a couch, maybe a table, and boom—our homes were done? Yeah, us neither. Furnishing a house in 2024 feels like navigating a labyrinth of skyrocketing costs, endless choices, and COVID leftovers that no one asked for. So, how much does it really cost to deck out your dream pad today versus, say, five years ago, pre-pandemic? And, more importantly, is it even possible to do it without selling a kidney?

Back in 2019: The Simpler Times

Cast your mind back to the golden year of 2019, a time when you could furnish your entire home for the low, low price of $5,000—well, depending on your standards. Sure, you might not have gotten the velvet sectional of your dreams, but you could fill your space with IKEA basics and call it a day. But something happened in 2020. No, not just the toilet paper shortage or endless Zoom meetings. The world changed, and so did the cost of, well, everything.

The global pandemic flipped the furniture industry on its head. Supply chains froze, prices shot up, and suddenly, the dream of affording a home and decent furniture became a Herculean task. Fast forward to 2024, and the question isn't if furnishing your home will cost you a fortune, but how much of a fortune we're talking.

The 2024 Reality Check: Sticker Shock? You Bet.

Here’s the deal: furnishing a house in 2024 can run you anywhere from $5,000 to a jaw-dropping $100,000+. Yup, you read that right—up to six figures just to make your house look like a home. And that’s not for some sprawling Beverly Hills mansion either. We're talking your average suburban family home.

Let’s break it down:

Master Bedroom: Remember when $3,000 felt like a splurge? Now, the average cost sits between $1,500 and $20,000. Want luxury? That price tag skyrockets.

Living Room: A cozy couch and entertainment center used to set you back about $5,000. These days, $7,000 might not even cover it, depending on your aesthetic.

Kitchen: Kitchens have always been pricy, but in 2024, it’s the stuff of nightmares. A basic setup starts at $2,000, but if you’re into chef-worthy appliances, $30,000 is the new norm.


So what gives? Why the insane price hikes? Are we still blaming COVID for everything, or is there something else at play?

Blame It on the Supply Chain (Again)

Ah yes, the good ol' supply chain crisis. It's like that toxic ex who just won't leave you alone. In 2024, we’re still dealing with the fallout. Raw materials? Scarce. Shipping costs? Up 40% in some cases. Add to that inflation, and suddenly, that $200 coffee table now costs more than your rent.

But here’s the kicker: it's not just the materials that are expensive. Labor shortages are still plaguing the industry, driving up assembly, delivery, and installation costs. Sure, you could try to do it yourself, but unless you're a certified handyman, you might be in for a few extra headaches—not to mention extra fees.

Pre-COVID Minimalism? Meet 2024 Maximalism.

In 2019, minimalism was all the rage—white walls, a single house plant, and one Instagram-worthy chair were enough. Fast forward to 2024, and it’s all about “more is more.” Think big sectional couches, lavish dining sets, and eclectic decor splashed across every corner.

While COVID had us spending more time at home than we ever wanted, it also made us rethink our spaces. Suddenly, a comfy home office, plush living room, and fully stocked kitchen became non-negotiables. And as our demands for comfort and style grew, so did the price tags.

But Wait, Is It All Bad News?

Okay, so we’ve established that furnishing your home in 2024 will likely set you back more than you planned, but are there any upsides? Well, yes. If you’re savvy, you can still score deals. Second-hand furniture is having a major comeback, with some homeowners cutting costs by sourcing from thrift shops and estate sales. Plus, online interior design tools are making it easier (and cheaper) for you to plan your space without shelling out thousands for a professional designer.

The Bottom Line: Is It Worth It?

So, here’s the million-dollar (or hundred-thousand-dollar) question: is it worth spending your hard-earned cash on furnishing your home in 2024? Well, that depends. Are you willing to sacrifice quality for savings, or are you going all-in on a designer pad worthy of Architectural Digest? If you’re on a budget, a little creativity can go a long way. But if you’ve got the cash to splash, why not go big?

The truth is, whether you’re spending $5,000 or $100,000, furnishing a home is an investment—and in today’s world, it’s a pricey one. So, will you go all out, or will you find a way to make it work without breaking the bank? Only time (and your wallet) will tell.

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Joseph Haecker
Design Talk Live, LLC. (DBA: The Live Broadcast Network)
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