5 tips to decorate your home like a rich person, when your bank account is anything but

Luxury and richness come at varying price points, and creating a space that feels and looks expensive doesn't always have to be costly.

"Sometimes when working with a limited budget, it's easy to say 'let's play it safe," Homepolish designer Ariel Farmer told Business Insider. "More often than not this route leads to the blah and boring world of beige walls and matching sofas and love seats."

However, says Farmer, "You can just as easily achieve your aspirational home goals through sensible purchases and investing in foundational pieces with high impact."

Below, Farmer shares five tips for decorating your home to feel rich when you're on a budget.