When we first moved in though, I pretty much just closed the downstairs bathroom for business (pun intended). There was carpet in there (gross and not bleachable) and the toilet wasn't working very well. It didn't take much money and effort to rehab this little room though.
Here's a picture before we ever moved in (notice the weird light placement, the wooden potty seat, and the golden mirror):
The only thing wrong with the mirror for my taste was the goldness. I took that little guy outside and taped it off and sprayed it down.
I used this kind of paint but if I did it again I wouldn't use the metallic finish. I suppose it doesn't bother me that much though or I would have already repainted it. Either way, spending $3 for a can of paint beats $40+ for a new mirror any day.
Here's the bathroom with a new light (above the mirror instead of beside it!), the newly painted mirror, a new pedestal sink (these are dirt cheap at Home Depot and Lowe's) and the new faucet. I got to use a 10% off coupon too. =) That brought all of those things down to less than $100.
The potty was a discontinued model (that I LOVE and I'm sad I can't put them in my other bathrooms - look at the curves and the lines!). Because they no longer stock them, I got this one on clearance. We used tile and grout leftover from our last house so that was free.
The walls are painted caramelized onion by Valspar in a flat finish. (I used this color in John David's room first and I heart it very much. I couldn't bear to not use it again!) All the wall things I already had. That art plaque is strategically covering up an ugly silver vent fan. So don't do stinky things in my pretty bathroom - the fan is covered up!
So while my upstairs bathrooms are pink and yellow, at least I have this downstairs. Ahhhhhh......