We have a 50s era home with ceilings that are lower than we would've like. It bothered me for the entire first year we moved into the house. Finally, I spoke with a decorator friend who suggested I convert them into tray ceilings. I decided if I couldn't have the high ceilings I always dreamed of, I could at least trick myself into thinking I did. With a little time and money, the ceiling was altered to a tray ceiling.
An illusion of space has been created by my tray ceilings. Nobody would ever know!