Design Your Life!Submitted by Farrall Wealth on April 12th, 2017
In a recent broadcasting of Money Matters hosted by Greg Farrall (@FarrallWealth), the owner and CEO of Farrall Wealth, welcomed and introduced Robert Northington to the show. Mr. Northington is a veteran in the field of interior designing and stopped in to share some professional tips for the money-savvy home remodelers out there.
To launch the discussion on frugality, Greg asked, "What are the biggest mistakes that people make when they start thinking about decorating their homes?". “Poor planning. With any project, especially one that you're going to make an investment on, it's really smart to devise a plan and figure out what you want to create," says Robert. “The most vital portion of the process is the planning. Without proper budgeting and an established time frame, it becomes especially easy to overspend on renovations.” In summary, it's very simple if you just assess your needs, wants, and desires before you begin to spend any money. Robert's most emphasized point is planning, using the analogy of starting with a skeleton, and adding the meat to it. Start with good solid healthy bones and work around them. Invest in a few solid pieces and the investment will last many years.
Following the planning procedure, it is recommended that you do some homework, and speak with a professional before you begin a DIY renovation project. There are countless amounts of resources at the touch of a finger, and Robert recommends Houzz.com. "Houzz", Robert says, "is a catalogue of work from licensed interior designers and professionals. And…it's free". The visualization component goes hand in hand with planning, and is a must. Using programs such as Houzz can spark creative ideas and provide an outlet for brainstorming at no cost.
The next step for any aspiring home designer or weekend warrior on a budget is to decide on which room or living space to invest in first. This can be a very vital component for those who are looking to update and sell a home, while still saving some bucks. Robert's biggest tip is this: "You really want to start from the ground up. You want to make sure that your flooring material is selected correctly for the space. Then," he continued, "do your paint and then do your light fixtures. Start with the bigger things first and then work your way down to the smaller things". Shortly after, Greg fired back with another question, "What are your thoughts on using existing furniture?", he asked. For Robert, he has encountered many opportunities to repurpose furniture pieces in order to update, or create an entirely different look in a room. Reusing or updating existing furniture is a critical money-saving tactic that can revive any room. For example, "Slip covering a chair, changing a shade on a lamp, or refinishing inherited furniture," added Robert.
"You mentioned inspiration. Where do you go for inspiration?". Quickly responding, Robert declares that his greatest source of inspiration are his favorite magazines. "Magazines are a great resource for inspiration, nature, friends, family, things like that," claims Mr. Northington. "I love Traditional Decor. Elle Decor is a wonderful magazine. House Beautiful is great".
Among many tips, the greatest combination for being frugal while also bringing updating your home include planning, budgeting, repurposing, and finding inspiration.
Every Monday at 10:00 a.m., Greg Farrall hosts Money Matters with Greg, a 60-minute broadcast on WVLP Radio at 103.1 FM. He kicks off with a market review before diving into a financial topic and often interviews special guests that help listeners do something simple…save more money. Tune in to hear the live broadcast, http://www.farrallwealth.com/p/resources-money-matters or find all of his Podcasts on iTunes and Podomatic by searching for Money Matters with Greg.
Greg Farrall is also a pillar of his community, putting service before self. As the 2013/14 Co-chair for the United Way campaign, he helped to raise $1.8 million dollars for 38 non-profit organizations across Porter County, Indiana. He also served as President of the Valparaiso Rotary Club, and he regularly shares his time and talent for the greater good. While he calls Valparaiso, Indiana, his home, Greg enjoys traveling the country to personally consult with Farrall Wealth’s growing wealth management client base. Securities offered through LPL Financial Member SINRA/SIPC. Find more information www.farrallwealth.com
At Robert Northington Interior Design, we have the imagination and expertise to produce creative, workable solutions for your space. We have the resources, vendor relationships and access to artists and artisans from around the globe. Whether creating an urban nest, country retreat or personalizing your everyday home, we are here to help. Find out more at www.robertnorthington.com.
Robert Northington Interior Design is not affiliated with LPL Financial or Farrall Wealth.