I am not poor, but I have been poor. I also always liked beautiful things. With the exception of sofas, I ALWAYS have accepted with great pleasure hand-me-downs of very good quality or Craigs list kinds of things--acquaint yourself with the best names in furniture in the last 50 years, and look for those names when you are on Ebay or CL. Think of Downtown Abbey: Do you think these aristocrats bought new furniture? No--they used their Oriental rugs until you could read through them--so if it is good enough for European aristocrats, it's good enough for me. Never buy junk. And when you buy a good sofa, it can last for decades with just re-upholstery every 20 years or so. Really. I'm sitting in my family room. The only thing bought new (many (about 30) years ago) are two upholstered chairs and a sofa, both Henredon, reupholstered several times. Big Baker chair re-upholstered, from Ebay. Clarence House Chintz for about $13 a yard, from an online discount company. Round Hepplewhite leather topped table thrown out by my mother-in-law because it had a cracked leg. My carpenter fixed it. French armless chair, thrown out by my sister-in-law, reupholstered. Black and gilt coffee table, bought on Craigs List. Oriental rug--big, beautiful--bought on Ebay, cheap. I don't mean my taste need be your taste, but you'll find beautiful things that others don't need. Pretend you are inheriting things from your rich family. Put things together little by little as you acquire them and it will create a very organic, interesting room. I second what Tibbrix said above: Let the children eat in the kitchen or dining room. Let them learn to respect your things.

Sorry, you folks have some bad information. Hancock and Moore is 100 % American Made in Hickory, NC. They have a Chinese import line named "Randall Allen" which is NOT American made. All leather hides are imported for all leather makers, and therein may lie the confusion. There are no more American tanneries. Many 'crusts' come from the USA and are shipped to other countries for the tanning and finishing process, then returned to the USA as finished leathers. OSHA and the EPA have effectively closed all US tanneries (its a nasty, dirty business in a tannery). Some hides come from China, some from Germany, some from New Zealand, and some from Italy or South America. But they are all imported. BTW, in my professional opinion, there are NO other makers doing the work to the level of Hancock and Moore. Classic Leather comes close.... If you see "Hancock and Moore" on the label, its made in Hickory NC.

I do not like sectionals. They often lock in furniture placement. However, here is a Houzz ARTICLE that explains sectionals and the pros and cons of various types. I prefer a sofa with chairs that can be placed for conversation or turned to watch TV. Whatever you decide, take a tape measure with you to the store when you shop. Furniture stores usually have high ceilings and wide expanses that tend to make furniture look smaller. Measure furniture to make sure the pieces will fit where you want them.

I really like Flo's layout for your room. It was the same as I was thinking. It makes sense to take advantage of as much of the floor space as you have available. In a narrow room, having the TV over the fireplace makes it difficult for viewing. Better to take advantage of the empty wall space you have to put it at a comfortable height. She posted some great options above for furniture and accessories as well.