Hi Tammy first time user had trouble loading photos have since posted a couple

Your space is quite roomy at almost 23 feet by 16 feet 5 inches. It would help us to see all four walls. Is this going to be an area where you will eat as well as watch TV? I would put in some recessed lighting: (I like the idea of painting the ceiling a light blue or yellow.) You need to have table lamps and or floor lamps as well. If those are light fixtures on the beam, I would remove them and repair the beam. Would you husband be open to staining the beams darker? Something like this: A fireplace mantel like the one in the Crisp photo would finish off the fireplace. With yellow and cream, you could go with warm colors, browns reds and oranges or blues and green.

Well the piece above the fireplace really overwhelms the space, and most specifically the fireplace. Is there another wall space anywhere that can showcase it? trying to use this piece in such a small area makes everything else lose its appeal, it has to fight to be seen. For sure move the sofa where it faces the fireplace, or set at an angle facing where you hv the TV set to be mounted. If you can, leave the chair in the same area, use the table the TV is sitting on as a coffee table for both. The way that makes the space work is the way you need it.

Check with your realtor about spending any money on an update. Tidy up the stuff in the corner, put the sofa next to the fireplace facing the view, angle the chair near it, and let the next people decide what to do with the space. Some people will love the wood, others won't, but don't try to guess. You could spend a small fortune on new flooring only to have it ripped out as people make the space their own.