Living Room Redo

I've seen these mood boards all over the place, and I wanted to try my hand at it! Here is what I'm thinking for our living room, which currently has teal carpet, white walls, and is used as a storage room for my whole family:

1. Dolphin Fin interior paint by Behr
2. Innocence interior paint by Behr
3. Accent Fabric 1 - Ginseng Home Dec Fabric by Joel Dewberry $15.99/yard
4.Accent fabric 2 - Belle AB07 Fabric by Amy Butler $9.50/yard
5. IKEA Expedit Bookcase $159
6. Kinmare Chair by Ballard Designs in Easy Care Sand $1,379
7. Seabury Sofa by Pottery Barn in Pewter Canvas $1,999
8. Cole Ottoman in Jade by Room & Board $349
9. Unagna Indoor/Outdoor Natural and Chocolate Rug (7' 10" x 11') from Overstock.com $184.99

What are your thoughts?