Place the water, sugar and lavender buds into a small saucepan and bring to a boil. Simmer for 2-3 minutes and then remove from heat. Allow the mixture to steep in the pan until it is completely cool, about 1 hour.
Strain the lavender buds from the liquid. Discard the buds. I use my small mesh strainer over a funnel so I don't spill any of the delicious syrup!
You can now add food coloring if you would like to. I suggest coloring the syrup if you are using it for decoration or giving it away as a gift. Otherwise, your syrup will be a light golden color. You can store the lavender syrup in a sealed container in the fridge for 3-4 weeks.