DIY Velvet Tufted Storage Ottoman

Prior to moving into our new house, I kept seeing beautiful, tufted velvet ottomans that I thought would look amazing with our grey sectional.  I didn't love the price tag $500 and up. Plus, I wanted it to be teal, 36" diameter and have storage.

Inspiration:  

Source: StudioTen25 

We wound up purchasing the Threshold Nolan Round Ottoman on clearance from Target.

We removed all of the faux leather from the bottom and wrapped in the perfect teal velvet fabric that I got from the remnant bin from Joann's for $9 a yard.  I bought all that they had which was over 3 yards, but we have a ton left over.  Handsome Hubs then pulled the table top wood off of the inside of the lid as we couldn't figure out how to upholster around it.  This caused the wood top to crack so we traced the cracked round onto plywood and created a whole new wood top. We were able to reuse all of the foam and batting. The total project cost was $206.  Way cheaper than the custom ottomans you can design at the furniture stores and it is exactly what we wanted and needed. Below is the final product. We completed this project in Handsome Hubby's Parent's NC B&B which is where we lived for 3 months while our house was being built. 

Final Product: