When my husband and I bought our first house, we were ready to put in some work. The house we bought was stuck in the 80s and needed a a little TLC. We were lucky to have hardwood floors under the pink carpet, so once the carpeting was removed, we had the wood refinished. We also painted the walls and replaced all of the trimwork.
Since we were new homeowners, we needed to purchase nearly everything in the room. We splurged on the sofa and the window treatments, but nearly everything else was very budget-friendly.