Extra room, but no impression what to do next to it? We have an extra room surrounded by our place (we haven't been...

We have an extra room surrounded by our place (we haven't been here long) and I live next to a roommate I'm a college student and she doesnt make plenty to just jump out and buy whatever she would close to but we would like to do SOMETHING nice next to the room.. It's the biggest room in the house and we already own a living and dining room. What are some cheap good planning where we can fix this room up? Thanks surrounded by advance :)
I wan to decor my room within moist...
Answers:    What going on for turning it into guest room....in casing if you guys have friends or out of town relative who could spend the dark.

You could use sofa sleeper or a futon that turns into a bed. Since you guys are on a tight budget... try looking under Craig's List for those. Or you can even find one surrounded by Freecycle yahoo group for your local area.
I own a room size oriental rug that...
Make it a guest room.