My daughter has the most active imagination of any child I've ever known. When we moved to our new home, I wanted to give her a room for her imagination to flourish but also one that would grow with her as she gets older. We found a great bunk bed and after my husband's hard work putting it together, I made a few small changes to give it the feel of a sea worthy vessel.
The only ambitious part of the makeover was creating the "sail." For this, I used an old wooden valence that I purchased at Goodwill for $1. This was all about re-purposed materials.
I didn't bother removing the old fabric. I just wrapped the valence with a cotton shower curtain (another Goodwill find), removed the excess fabric and hot glued it to the back.
Before I moved on, I tied two pieces of rope to the valence equidistant from the outer edges of the valence, making sure the knots were hidden on the back side of the valence.
Next, I took two curtain rod holders and removed the piece with the U shape. I use the straight section in the next step.
To create a mast, I used a large wooden dowel and attached it to the wall with flexible pipe clamps. I purchased the clamps at Lowes for about $2. I used the level to make sure the mast was perfectly vertical. Then, using my level again, I marked and attached the pieces saved from the curtain rod holder to the wall, one on either side of the mast. I used dry wall anchors to be sure the pieces were securely attached.
Before you spend money on a room makeover, try "shopping" around your own house. I bet that you'll be surprised at all the materials at your disposal.