Home Makeover on a Budget

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In today's economy, more and more homeowners are opting to renovate and redecorate rather than relocate...here to help is style expert Elizabeth Mayhew, author of 'Flip' a Room by Room Guide to Transforming Your Home.

Elizabeth says some of the most affordable and high impact changes you can make to your home involve accessorizing. We went one-stop-shopping at Target and found some amazing pieces.

Let's start with lighting. It's the easiest and most cost-effective way to create a new look. Overhead lighting systems are expensive and can make a room look harsh, so consider floor and table lamps set at varying heights.

Next up are throw pillows and area rugs. Both are fairly inexpensive ways to create an instant new look...dress up a neutral couch with a vibrant print. A new area rug instantly changes the atmosphere of a room and infuses it with warmth. A good tip to remember is that your rugs, pillows and throws should be mixed and matched. Not everything has to be identical, have fun with texture and patterns, it'll really add dimension to your room.

But if you're just starting out or if you need to buy something new, Elizabeth recommends buying large pieces like a couch in a neutral color that will stand the test of time. Accent furniture goes a long way in updating your room and doesn't have to be a huge investment. She also loves the idea of using a wicker trunk as a coffee table. It doubles your storage space and is extremely budget friendly.

Also, window treatments add a focal point to any room. There are many beautiful and affordable options out there. Consider adding decorative window hardware...little details can go a long way.

And finally wall color! It's a wonderfully inexpensive way to completely makeover a room. Keep in mind that you don't always have to paint the whole room. Sometimes painting one accent wall can make a fabulous and colorful statement.

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