If you want to give your living room a new look but also tied down to a budget, you can do a lot with $500 or even less. Before you head out and do some shopping, you might want to check first what you have. Try to re-arrange your furniture, some artwork, and try to re-purpose some stuff.

Use slipcover for your furniture

This will only cost you $50 or a bit more. Instead of making a new cover for your couch, you can egt a more affordable slip on cover in neutral tone. This will save you a lot of money instead of buying a new sofa. Fitting them to your furniture is also very easy.

Paint

Painting your living room can give it a new look and transform it to exude a different ambiance. You can update it yourself and not spend more than $150. You can also repaint your old furniture, frames, or shelves and give them some new life.

Lighting

Lighting can do a lot about how a room looks. You can get a floor lamp or maybe decide on getting table lamps. You can get bronze or brass lamps to give the room a classic touch or if you want to go modern go for something aluminum or black.

Drapes

Add some curtains in a variety of style and fabric. If you have a short or small room, you can try to cheat the eyes by using drapes hanging from above the level of the window. You will only spend around $50 to do this.

Accessories

Make the space fun by adding accessories like throw pillows potted plant, art work, or blankets. You can learn how to mix and match accessories by reading do-it-yourself guides online or home improvement magazines. At max you will only need around $75 to liven up the room.