So, you've narrowed down your types of paint and you're thinking about color. But before you run out to the store and start grabbing paint chips and palette books, it's time to do the math. If you're a new homeowner, you're only just learning about the expenses that come along with your new space. Even those of us who are great with money can underestimate the cost of a home improvement job. We're overly optimistic about the costs, or, even if we've been conservative, mistakes or last-minute changes can start to add up.
Carefully measure the space you're going to paint. Your local store's expert can help calculate the necessary amount of paint to buy. Once you've figured out your spending range from the measurements -- and set aside money for brushes, rollers and drop cloths -- you can decide how much you're willing to spend on paint.
Interior paints can cost up to $50 or more per gallon, depending on quality, and those gallons can add up. For a 12-by-12-foot (3.7-by-3.7-meter) room, you'll most likely be spending up to $100 on paint alone -- and that doesn't include the $50 in supplies you'll need to make sure it's done right. Make sure you do the investigative work to understand why one paint you're considering is more expensive than another: It might not be a better value in your specific circumstances.