I usually decorate my living room area using low cost items but they do not look inexpensive,it is just that if you are an artiste by nature, you can always pick good things related to art and crafts. Good art may come with a price but the art is available for a low cost sometimes but it becomes valuable as soon as it is in the possession of a person who knows its value. So I am proud to tell you that I am good at judging the real worth of the artwork.
For me, Chinese market is the best place to find good items, they are sold in plenty for low cost, but this does not attract me, I spend good time in finding good artwork for the living room area first, this is what you need to do if you shop for the art and craft.
This post on My practical decorating ideas for my living room was posted under Interior design.