Our son slept with us for the first few months, so the crib didn't get much use. He eventually started sleeping there at night, then napping there during the day. I still found a separate room for him to be useful for all his clothes, his changing table, etc. Also, we rolled out a very large, soft carpet in there (we have wooden floors, and babies need some cushioning), and then he had a lot of space for tummy time, rolling, and learning to crawl before he actually started playing with toys.
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This time around, we've skipped buying a crib for now (will get her one sometime later) and instead ordered a side bed attachment for our bed. Our son comes to us in the early morning, so we need a safe place for baby to sleep close to us without being crushed by a wild toddler. Baby will still have her own room. The changing table, closet, and cubby shelves are already set up; we still need to find another large carpet, curtains, a ceiling lamp.
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I will be 27 weeks on Sunday, and we just started on the nursery last weekend. Earlier in the 2nd trimester, I changed our 2-year-old's room around (moved changing table and extra closet out to baby's room, moved a lot of toy shelves in).
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I agree that energy is higher in the 2nd trimester. I'm approaching 3rd tri and getting tired again. Though we were procrastinators last pregnancy and didn't have our son's room set up until a month before he was born (we had also just moved), so it's still possible to get things done later.