Another option is to begin with the furniture and coordinating paint colors with it. You may try to start with the major piece of furniture in the room or the room’s central point. Either use balancing colors or make the focal point stand out with something light around it.
To begin with, you can paint only one wall with some attractive contrast colors. This will really give a very gorgeous look to the living room without spending much as in that case, you will not have to paint all the four walls. Make that tone a little darker than the tone of the other walls.
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One of the unique and often unnoticed qualities of color is that it can psychologically change the size of the room. Light colors make rooms feel bigger. This is why ceilings are often painted white, making them feel higher. Dark colors draw the walls of a room together, so people rarely paint rooms in very dark shades. If your living room is small, go with lighter shades. On the other hand, if you have a large living room, especially if it feels too big, a darker color can make it feel more homey and intimate.
No matter how light or dark or rich colors are, about half of them are warm and the other half are cool. You’ll be able to tell pretty easily which category each color falls into, but don’t get distracted from the way it will make the room feel by how pretty they are. Cool colors will give your living room a more impersonal, peaceful feel, while warm ones create an atmosphere of warmth, hospitality and excitement. Cool colors often coordinate with blue, and include pure white, black, gray, blue, all shades of purple, pink, and pastels. Warm colors have a closer relationship with gold, such as cream, brown, golden yellows, orange, orangey reds, and most greens.
Fortunately, with smaller homes becoming more and more a popular option due to the rising prices of real estate and floor space, some furniture designers and manufacturers are actually coming up with more and more furniture designs with the small home in mind.