At this age you should just ask for favorite colors, and then you pick the complimentary covers. Real privacy demand won't happen until about 11 - 13, so right now just concentrate on making it beautiful. If it is pretty and functional, they will love it! Buy furniture pairs so when you do split them up they each have basics. Advice about dividing the room generally is good, but you don't want big sister declaring any territory! There is a crown detail you can do over a bed that includes curtains down on either side - can provide privacy when you sit up in your own bed - consider this as they get a little older and won't pull it down while hijinxing. If it is beautiful and the textiles are in a color they love (or two colors that work together, like pink and lavender on a spring green or taupe wall &/or turquoise and spring green on a buttercream yellow wall ) - then they will see that they can also be different people who are harmonious together. At 7, she is old enough to pick a great color, but don't ask the 5 year old - her taste is changing daily - just surprise her with something all her own that works with sister's pick. I like the look when people select soft goods that match except for color and find one great print accent pillow that ties colors together for both beds. Stay with neutrals on furniture - you can paint out different stuff so it is tied together with pale gray paint. Think mostly about function - Add shelves and cubbies that hold baskets for stuff - stuff changes but they always have it. If you have room, give them each a desk as they approach 5th grade.

Much as I love wood blinds, in your case I would go with the white. I'm afraid the wood blinds would chop up this expanse of windows where as the white would give you a blank slate. You could always add color in roman shades, etc. (Love the flowering trees!)

What a fantastic architecture. When you do the brick, if you stain it with masonry /concrete stain you won't have the same issues of maintenance as with paint. They will spray it evenly - through you will have to select a deeper color - either taupe (brown-gray) or a straight charcoal. Love your windows and the classic angled railing. I think a dark gray on the siding will make the orange brick jump even more. What bothers me is the white (railing, fascia, eaves) juxtaposed with the earth toned stuff. So I would recommend camel tones - for the siding - something like http://www.sherwin-williams.com/homeowners/color/find-and-explore-colors/paint-colors-by-family/SW6108-latte/ and the hopsack next darker tone for the garage door. Use the lighter tan for trim that is now white - http://www.sherwin-williams.com/homeowners/color/find-and-explore-colors/paint-colors-by-family/SW6107-nomadic-desert/ Use the darkest tone if you are painting concrete steps. If you think you will stain your brick charcoal, then the white eaves and trim are probably right, and you may not want to paint it tan now and then go back. If your brick were charcoal, then I would block out the rest in grays and blue grays - leave the white eaves, but take the railing and posts charcoal too. A blue gray door - like sw smoky blue.

Try this. Hang the television to the right of the wood stove on the wall opposite the french doors. Use the wall with the high windows for a looong sofa and add two chairs across / angled slightly - low back so you can look over one to television. use console / sofa table on entry /bed door wall just past where entry door opens so you have a lay down surface. Forget glass, it isn't for this era and won't make it feel bigger. Paint ALL french doors inside and out and small windows and entry door same color and trim same color too. Try a charcoal rather than a black - something in the blue-green-gray shades like new providence navy. do all the walls in kitchen and living in a warm white - this tone has the wood as an undertone - http://www.benjaminmoore.com/en-us/paint-color/woodash then, for the cabinets . . do a bungalow thing and go deeper on the cabinets to a classic drabware tone - with the wood walls and floors / try bm bracken biscuit http://www.benjaminmoore.com/en-us/paint-color/brackenbiscuit these will all go together like gangbusters, keep it light and bright but interesting and work with a new blue green gray back door in a tone like bm beach glass http://www.benjaminmoore.com/en-us/paint-color/beachglass templeton gray as a counterpoint on some craigslist piece of furniture . . add warm undertone tan and oatmeal nubby tweed upholstery to start . . the teal navy gray will work with the black iron stove and accents without going black. start keeping the left door to the kitchen closed and get a door stop to hold the other one open permanently . . this will work because you need a little more wall to make the tv work well - in the kitchen, pull your table away from the wall just a tad - consider a padded bench on the wall to provide a kind of sitting space in there and put the chairs across - if you shift your television to the wall (high enough the heat is not an issue , you can still have big speakers work well - and remote the media equipment - run the wire and patch the holes. Hang it mid-height - eye level when you sit plus 15 degrees . . check out the amazing sconces you can put on the entry wall - shades of light petersik pendant with home-made trim wood brace to pump it out from the wall since the power is high? over the console? round wood table in middle - even a hd butcherblock round on a painted drum base in trim tone? With those tones - teal gray, biscuit, creamy off-white, muted blue-greens - paint your white chairs and a hand me down bench wythe blue and find a graphic sunbrella print with a little blue green, chocolate and orange for cushions and pad skirts with velcro at the table . . make a galvinized pipe leg / plank 1 x 12 / clear finish console for behind the door . . now you are cooking with gas . .