So you want to make over your home, but you don't want to spend thousands of dollars doing it. For many homeowners hoping to improve their space on a budget, the answer is simple: do it yourself.

The good news is that there are a number of quick DIY decorating projects that you can complete in a weekend, providing a little bit of idle entertainment and a great reward as you transform your home.

5 Cheap DIY Home Decor Tips

1. Start with your floors. Even though it may seem counterintuitive, one way to greatly improve your space is by giving your floors some much-needed TLC. If necessary, consider changing the surface of your floors entirely by re-staining wood or replacing old, cracked linoleum. For a quick transformation, buy an area rug or shop for a secondhand area rug at an estate sale or garage sale. This simple change will give any room an instant facelift without having to repaint or redecorate.

2. Get a fireplace. If you want a commonly used area like a living room or kitchen to appear warm and cozy, you can buy a mobile electric fireplace to fit the bill. An electric fireplace is much cheaper than installing a conventional fireplace and can be moved from room to room, depending on the season. In hotter months, an electric fireplace can be conveniently rolled into a storage area until fall comes around again.

3. Buy a new piece of furniture. If you're in the mood to redecorate, you don't have to buy a house full of new furniture; one impressive piece will do. By making a significant change to each room by replacing a piece of furniture, like a kitchen table or sofa, you'll spend your money where it counts - on a timeless piece that will last for years.

4. Make your own pillows. If you're on the hunt for the perfect throw pillow for your bed or couch, consider making your own from old sheets or inexpensive fabric. For a living area decorated in neutral tones, like brown and beige, a bright pop of color in a vibrant cotton throw pillow may be exactly what you need to liven up the space.

5. Paint an accent wall. If you want to repaint a room but aren't ready to commit - or don't have the time - start out by painting an accent wall in one energetic color. This is a perfect opportunity to channel your creative side and use a seemingly outrageous color like ocean blue, fuchsia, or sunshiny yellow to balance out the existing decor of a room. The accent wall can be used to match color themes that are already in a room to tie the decor together; or, paint an accent wall in a random color to add contrast.

If you want your home to look high-end on a dime, you need to decorate strategically. By making a few simple changes to your decor each weekend, you can modernize your living space for a home you'll be proud of.