The average costs for living room remodels run a minimum of $518 for a 300 to 400 square foot space, while for areas which have an area of 400 to 500 square foot. have an average cost of  $782. The prices increase accordingly as the size of the space vary, so naturally larger living rooms that are 500 to 600 square feet in size cost  $982, while spaces that have an area of 600 to 800 square foot have average remodeling costs that run anywhere for, $1200 to $2000.
One of the keys to a successful renovation is plenty of forethought, knowledge and information — especially if you're making structural changes, or working with several professionals and a big budget. Take your time to plan before you begin, so that you are less likely to have regrets when you are finished. "Designing a room or a remodeling project is a journey or a process," says interior designer Karen Soojian, ASID, "and it takes time to develop ideas and do things right. In other words, you need to know your destination and how you plan to get there."
As we've mentioned a few times already, a small space doesn't mean you can't have fun with color. So if you love incorporating pretty pastels or vivid brights but want to make sure your living room doesn't look chaotic, the trick is to stick to a tight color palette. Mixing patterns is also fair game, especially when done as masterfully as this cheerful room designed by Ellen Kavanaugh.
For designer Patrick Printy, his bungalow in Oakland, California is all about eccentric design. In this living area attached to his study, a pair of vintage sofas are upholstered in a Ralph Lauren Home stripe, the Eero Saarinen table is from Design Within Reach, barstools by CB2 are covered in a Katie Ridder fabric, the ceiling lantern is by Visual Comfort, the rug is by Ralph Lauren Home, and the busts are by Oly.
Keep a list – Creating a list of the things that you need for your living room remodel project  allows you to keep track of the expenses that you might incur as you go along with the renovation. Prioritize important items first, then put a contingency for extra items like accessories and other decorations. Leave room for finishing touches as they can go a long way in terms of visual appeal.
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