02/25/2014 09:21 am ET Updated Feb 28, 2014

Turns Out You Can Do A Living Room Makeover For Under $500 (VIDEO)

The one phrase that keeps many of us living with the same old look we don't exactly love: "We can't afford to change it." This makeover proves that, with a little imagination, you can make a few key changes that will breathe new life into any space. While you may not be able to find, say, a sectional in one's basement or a few industrial spools lying around unused, the designers' tips on repurposing will help you see the potential in everything you see.