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.
The new small modern sofas are also very good for small spaces. You don’t have to worry about where to put small things like note books, small radios and so on, as these sofas come with storage facilities. Spaces are created on and around it so that you can use them to keep whatever you want.
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A slightly larger living room will take kindly to old style Victorian ideas for decorating. You will get a feeling of opulence and richness, especially because of the generally mahogany colors of the furniture. Furnishings and drapes are generally quite heavy and require the use of lining and elaborate methods for pulling the curtains to let in light.
Another great idea for adding contemporary furniture options into a small living space is to find multi-purpose pieces to decorate with. For example, ottomans that also include storage can help you to store things out of sight without losing functionality. Small living rooms need all the open areas they can get to maintain the appearance of space and roominess.
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.