A swing bed is the perfect statement piece to enhance any outdoor space. As we inch closer to the spring season, there has never been a better time to consider updating your outdoor (or even indoor) space! 

We’ve created a list of tips that will help you prepare a budget for this big purchase in time for the spring season.

 

 

DETERMINE YOUR WANTS VS. YOUR NEED

 

It’s important to analyze the “need” for your big purchase. While a Swing Bed is considered more of a want itself than a need, it can add value to your home and your quality of life. “A broad rule of thumb is that you should spend about 5 to 15 percent of your home value on renovation,” says lifestyle expert Dan DiClerico. You’ll want to be sure to review your income to avoid any financial stress that threatens the enjoyment of your new lounge space. Consider the 50/20/30 Rule to determine how much of your income you should be spending on a luxury item for your home. Financial experts recommend you spend 50 percent of your take-home pay on necessities like food or rent/mortgage. You should be putting away about 20 percent for savings in the future, while 30 percent can be used towards leisure items like vacations or, in this case, patio furniture.

• What Features Matter Most: You’ll want to figure out what features of this outdoor swinging daybed are a must-have versus an idealistic desire. This would be helpful when comparing products later that best suit your needs. Are you a DIY-er who doesn’t mind a little product maintenance throughout the year to help cut overall costs? Is your intended space in an environment that experiences a lot of moisture or extreme temperatures that are likely to quickly deteriorate natural wood, requiring a more durable material option? Jot down the features that are an absolute for you now to help narrow down options when it comes time to browse products later.
  
  

When debating the pros and cons of various material options, you can also weigh the benefit of investing in accessories that assist with the protection of the item over time. Our Easy Covers offer a convenient and