First, you should pick an interior design theme which appeals to you but which will also add appeal to a tiny space. Having a good amount of clutter in the living room will make the place feel smaller so avoid decorating themes that clutter up the room.
Classic modern designs using materials like stainless steel and furniture that has geometric designs are quite popular. One of the greatest advantages of this sort of interiors is that it gives a feeling of lightness and space. The use of muted colors further gives a touch of class to the overall effect. There is also an added advantage that such furniture and furnishings are easier to clean and maintain, thus largely reducing the problems for the housewife.
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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.
Mural. Want a one-of-a-kind work of art for the living room? Well, you can hire mural artists to conceptualize and create a mural on the wall. You can give your creative ideas and make it to show your personality. You can choose contemporary styles or classic ones. If you are nature lover, ask the artist to paint a floral theme, botanical prints, animal theme, etc. You can even opt for a calming beach mural to give a peaceful vibe to the room.
Magical Reflective Surfaces. Reflective surfaces work miracles in making a small living room grow into a larger space. If incase you have a large plain wall, you can very well add up a large mirror with some artificial light effects. This will give the most rich and spacious layout for your living room.