Nice looking mirrors can do wonders for decorating and creating the illusion of space in small rooms, but they can also be expensive. Save some money by buying a pre-cut mirror and framing it yourself with some molding.
Home improvement blog This Old House notes that a lot of nice, framed mirrors can cost a few hundred dollars or more. For about $160, though, you can make your own that looks just as good. You'll need some plywood and hardboard, as well as a pre-cut mirror and some fluted door casing to act as the frame. You'll also need some basic tools like a hammer and nails, a saw (preferably circular), and some wood glue. It's a very simple process, and only takes a few hours (to save a few hundred dollars). Hit the link for detailed instructions.
How to Build a Mirror From Case Molding [This Old House]