The center of the home moves from the yard to the family room this time of year, which means you’re probably noticing more than a few pieces of furniture and home appliances that need a change after a summer of neglect.
But which items are worth the splurge? The National Retail Federation (NRF), which tracks consumer spending habits, is calling this an “either/or economy,” meaning, we’ll spend on one big-ticket item or on discretionary items, but not on both.
Shoppers are thinking carefully about how they spend, according to the NRF, so what are your priorities?
Will you buy an inexpensive couch so you can replace your oven, which tends to last longer? Couches can range from $319 for this Ikea version to $9,828 for an Eames Sofa. Ovens have surprisingly similar price ranges, costing $349 for a Hotpoint from Home Depot to $12,053 for a Viking professional grade oven range from BuyRite.
Or do you think spending $4,000 on a Williams-Sonoma Home area rug will turn your grandma’s coffee table from garage sale candidate to mid-century modern and ultimately save you from a complete room makeover?
Or maybe you’ll forgo the couch altogether so you can buy a 38-inch TV for approximately $460, which was the average cost at the end of 2011.
TELL US: Which home items are worth the splurge? And what local retailers offer the best value for your money? Post your thoughts in the comments section below.