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How to Renovate Your Living Room Without Breaking the Bank

couple doing a renovation on their living room. Man on stool and woman on floor painting walls

Renovating your home can often be an expensive process, as there can be so many factors that can play a part in the costs, such as quality of furniture, structural changes and labour costs. Seeking more affordable ways of improving the home is becoming a priority for homeowners who are looking to improve their living conditions without breaking the bank or requiring future debt help.

Living rooms are the hub of the home and will get the most traffic. This makes it one of the better rooms in the home to renovate, as more eyes will be on it than any other room in a house. There are many ways that a living room can be improved, such as adding new furniture, rearranging furniture, or changing the colour schemes. Luckily, there are cost-effective ways that you can complete a living room renovation.

Throughout this guide, we will explore the best options for home and living room renovation that won’t put too much strain on your finances and will prevent you from having to dig too deep into your pockets. Continue reading to find out more.

Cost-Effective Living Room Renovation Ideas

Add a Fresh Coat of Paint

The best way to completely transform your home is by changing the colour scheme, which can be done by adding a fresh coat of paint to your interior walls. This will immediately make your living room look as if it’s brand new, especially if you choose a colour that stands out. You can just add splashes of colour to create a more interesting aesthetic.

Repainting your interior walls yourself is more cost-effective than hiring a professional painter and choosing the right kind of paint for this is also very important. In terms of cost per square meter, it’s the cheapest possible way to give your living room a brand-new feel.

Rearrange Existing Furniture

Rearranging furniture is free and doesn’t usually take too much time to complete. In your living room, simply moving your sofa to the middle of the room to create a centred focal point can completely transform your lounge area and make it more inviting for visitors. The living room is the first main space that visitors see when they enter a home and is the place where family and friends gather for relaxation and conversation.

Homeowners often think they need to purchase new furniture for a renovation to be successful, but this isn’t the case. The positioning of furniture can make you feel as though you need a complete redesign when you don’t, so you should try rearranging your furniture before looking for new pieces to incorporate.

Re-dress Your Windows

One cost-effective solution to living room renovation is to redress your windows. Windows with curtains rather than blinds can be improved by switching up the colour or texture to create a more elegant look. There can be cheap curtain alternatives that can still look as good as luxury curtains for a fraction of the price.

If you do have blinds on your windows, don’t fear, as there are also plenty of cheaper blind alternatives on the market that can spruce up your living space. Having blinds that are easily adjustable can also be great for your interior design, as they can help with managing natural light levels.

Use Repurposed Items

Repurposing items that were originally designed for another usage can be a unique way of renovating your home. For example, old ladders might no longer be good enough to be used for their intended purpose, so reusing them for a different part of interior design can be a useful technique. You could repurpose them as a set of shelves instead.

Saving money is the primary benefit of repurposing items, as instead of spending money to buy a new piece of furniture, you can just turn old items into new furniture or decor. This will help to add a unique charm to your home that traditional furniture simply won’t be able to.

Upcycle Old Furniture

Another thing you can do to save money on living room renovations is to upcycle old furniture. Unlike repurposing other existing items intended for other purposes, upcycling old furniture consists of revitalising a piece of furniture that is starting to show signs of wear and tear. For example, if your chest of drawers is looking past its best, instead of buying a new one, you can repaint, add to or deep clean it.

You can also upcycle your living room wall by adding an accent wall. Think about adding wood batons, cork or panelling for your living room for a cost-effective solution that will also look great, as these types of organic materials are very on trend at the moment.

Focus on Flooring

Changing the flooring of your living room can make a huge difference to its appearance. If your carpet is looking messy or is ruining the aesthetics of your home, you should have a look at what’s underneath it before carrying out any renovations. Restoring old wooden floors can be very beneficial and will offer you the most cost-effective solution. You can rejuvenate this flooring to make it look new to improve your living room design.

You can then add different rugs to your flooring to give the space more of a pop of colour. A hardwood base layer opens up many avenues for living room interior design renovation.

Bring the Outside In

Incorporating outdoor elements into your living room can be a very cost-effective design solution. Adding a variety of different plants and flowers to your home can have many health benefits on top of being low cost. For example, having more plants in your home can boost your mood, increase productivity and reduce stress. These plants don’t have to be real, as fake plants can also invoke positive emotions while also requiring less maintenance.

Having more natural tones and light can also have a positive effect on your interior design, as it can make a place more cheery. Incorporating more natural light can be very low cost, as keeping your curtains and blinds open can help with this.