Just as your heart is centrally located in the body the Living room too is very central to the house. It is one place where you will spend most of your time – be it watching the TV, welcoming and entertaining guests or just sitting together with the family and sharing important moments. Since it is the one area in the house that receives the most traffic and is used to the max; it tends to get worn out pretty fast. We all need to redo our living room periodically. At times even to keep pace with the ever changing trends and styles in furniture; but most of the time the only thing keeping us away from renovating and redesigning our Living room is our financial budget limits. Very often we simply keep putting it off for a later time when we will have more funds. In such situations if we could find a way of designing or redesigning our living room at a low budget that really would solve our dilemma. So here are a few low cost but stylish ways of designing your Living room on a low budget.