We're working on turning the small bedroom upstairs into a nursery. Melody has already started making some curtains, and we've talked about paint colors. My job will be to put new drywall on the two outside walls.
The funny thing is that this room is one of the few places in the house that already has real drywall. Unfortunately, it looks like there's no insulation behind it, and it's cracked and damaged in a couple places (namely at the seams and behind the door). While I have the studs exposed I'm going to run some wiring for some additional outlets. There's only one outlet in the room right now. I'm planning to add three more and set it up to I can easily run wire into the hallway to add one more. With a little luck I'll be able to put it on a new circuit that's actually grounded.
When the wire is installed I'll add insulation (it should be cheap this time of year) and then start putting up drywall. There is an old vent pipe in the bathroom that we're thinking about moving so it runs up through the wall, so I'll have to leave that part for the end. But I expect this will take me long enough that we're able to move the pipe (or at least know if we're moving it at all) before I get to that point.
When that's done we'll need to take down the glass shelves before we paint. As far as making the room 'finished', we'll also want to re-do the ceiling and put in new carpet at some point in the future, but otherwise the room will be a much nicer place in the very near future.