We are mostly finished with our living room in our 1940's cottage. The wood floors have been refinished, one of the only things we didn't do ourselves. Some things I believe should be left to the professionals and this was one of those jobs. We prepped and painted everything, and let me tell you, old plaster walls are not fun to prep. Sadly all the original molding was gone when we got the house so we plan on installing molding that will look like it's always been there (hopefully). Furniture arrangement was a challenge in such a small space, especially where to put the T.V. but I'm happy with the results! See below for before and after photos.
Living Room Before
After