The words "house guest" usually conjure up feelings of privacy being invaded, coffee cups being left on the table, and the bathroom being unavailable when you need it most. That's why they make inns, and bed and breakfasts, and hotels. In a weird turn of events that can only be described as fallout from the DIY blogosphere and an impulse to live up to the standards of Martha Stewart Living, which have been made "affordable" by the DIY blogosphere. Now not only can your guest room look nice, it can look like a room in a fine inn, and you should totally be able to redecorate it for under $200. Just kidding. You might need to spend more if you don't already have a stash of amazing thrift store finds and special paints at the ready.
Truly, the reason to upgrade your guest room is to make your own life easier. When your guest room is well equipped (even better if you have a guest bathroom to offer), your guest will be less reliant on you, and more reliant on all of the wonderful amenities that are already in the room and in the guest bathroom. Also, having a sweet guest bedroom is a good boost to the ego. Just saying.
Neutral guest bedroom: LiveLoveDIY shows us all how to use neutral colors to make a guest bedroom look really luxe. Neutrals are both a starting point and an entity unto themselves. A chandelier, crisp white bedding, a silver-framed mirror, and matching white end tables with matching silver lamps make off white walls look unbelievably fresh (painting contractor for the walls not included). Does it look like it cost an arm and and a leg? The mirror? Spray painted. The bedding, curtains, and pillows? TJMaxx, Target, and Marshall's. One thing that solid, neutral-colored walls and textiles allow you to do is mix and match without having to be too, too picky.
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