When it comes to buying Persian rugs, one of the factors that deters many prospective buyers is not knowing how much to spend on their purchase. Before you start rug shopping, it helps to first establish your rug budget.
This will help you make the right decision in choosing the best rug for your budget without compromising on other details.
If you’ve never done this exercise before, the tips below will help you.
Factors To Consider When Establishing Your Rug Budget
1. How much can I afford?
This is the single most important factor in establishing a budget. Everybody’s budget is different so don’t compare yourself with anybody else and definitely don’t try and compete with what somebody else has.
To figure out how much you can afford to spend on a rug, consider your income and savings against your monthly expenses and commitments.
This will give you a rough estimate of how much you can afford to spend on a Persian rug.
2. How much should I have to spend?
There is no fixed price that is right for everyone.
When considering how much you would have to spend you will have to compare the different Persian rug styles as well as the size, age, and condition of the individual pieces within these styles.
Other Factors To Consider When Establishing A Rug Budget
Absolute Minimum or Maximum Size Range
In general, in the US, Persian rugs with all-over designs tend to cost more than those with geometric motifs or medallions. If you like rugs with medallion designs, you find some beauties within your budget.
Condition of the Rug
The condition of a rug plays a role in its pricing. Persian rugs in immaculate condition are sold at premium prices.
You can save a lot by buying a rug in less than pristine condition and getting it restored by a rug repair expert. The best part is nobody will be able to tell the difference once you get it repaired.
Type of Rug
Some types of rugs such as Tabriz and X are more expensive than others. The good news is you can find some gorgeous Persian rugs among the less expensive varieties. Look for styles within your budget and you’ll be surprised at what you will find.
Consider rug trends too. If you have a lower budget, don’t get tempted to pay more for a rug that is trending at that moment. Trends come and go. No matter what style you buy, you can be sure it will be trending again soon.
Most people hear about Persian rugs being expensive but ‘expensive’ can be a relative term.
The fact is, no matter how tight your budget, you can some find some magnificent rugs within that range.