I've been debating over what to do for wainscoting and as of now I've decided that I'll make the picture frame wall panels myself. I found some moulding that I like at the Home Depot and found out that it will actually be much cheaper for me to cut and piece it together than buying the pre-made panels. I would have (/was planning to have, lol) bought the pre-made panels just because they are so easy, but I literally couldn't find them anywhere... they're sold out completely at Lowes.
I used newspaper to first visualize the number of panels that I'll probably need. Then, I also made two practice panels to see how they look. It's actually really, really easy to make these panels and you don't need a fancy saw, a regular handheld saw and a miter box will do. So, with the two panels temporarily taped on the wall, I took some pictures.
I haven't decided what to do about the chair rail moulding yet... keep or replace? I'm not too fond of the moulding that the last owners chose, but I think I can live with it for a while. Taking down that moulding and putting up new chair rail is a little more involved of a project. I really don't want to accidentally damage the wall right before the holidays.
Also, I haven't decided if I'm going to keep wall painted white below the chair rail for the look of wainscoting or paint the wall gray. Here's what I mean:
I've also decided that I will probably try to make the curtains for this room on my own. I've been reading a lot of sewing and DIY blogs and instructions to make them and I think I can do it. More on these later too, although I have decided that I will use this gray and white Duralee loop fabric: