Creating a new look in your living room doesn’t have to be expensive or time-consuming. If you’re selling your home, or just itching for an update, there is plenty to you can do for $500 or less.

Reuse and recycle. Before you head out to buy something new for your living room, see what is in your home that can work in the space. Rearrange furniture and art, and re-purpose items.

1. $50 and up: Slipcover your furniture.  Rather than recover the chintz couch, pick up an affordable slip cover in a neutral color. A slip cover will cost a fraction of a new couch and many of them are designed to fit snugly over a variety of furniture styles.

2. $50 to $150: Paint. If you do it yourself, a new coat of paint in a room is an affordable transformation. Even painting an accent wall or trim can drastically update the space. You can also repaint furniture, shelves or picture frames for a similar update or pop of color.

3. $20 – $150: Lighting. Whether you pick up a floor lamp or pair of table lamps, lighting can say a lot about a room’s aesthetic. Check out brass or bronze lamps for a classic look, or aluminum for a modern feel.

4. $50 and up: Drapes: Keep the room warmer by insulating the windows and add a finishing touch to the room with curtains in a variety of fabrics and styles. Make a small or short room expand by hanging a curtain rod with long drapes above the window.

5. $15 to 75: Accessories: New throw pillows and blankets, a fun new piece of art or potted plant can also make a living room seem a little more put together. With the growing popularity of DIY magazines and television, it’s easier than ever to find affordable decor.