One of the easiest ways to do it is simply by applying a coat of painting to your walls in these two colors. It is a fact that black and white are everything: they are classic, contemporary, retro and yet always in style. They are not going out of fashion and you can find pretty much in every decade living rooms furnished and decorated in these two famous colors.
If you entertain guests a lot, then I would advise you to go for sleeper sofas. They are good for small spaces but the biggest advantage of sleeper sofas is their ability to be turned into beds. If you have visitors and your space is too small for added beds, these not only save space but also money, since you will have paid for a bed and a sofa in one (2 in1).
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Furniture. Before selecting the furniture make sure what style you want. It can be Traditional, Contemporary, Victorian, European and mix of two. There is no hard and fast rule of sticking to one style as you can use your own creativity to create the style of your own. Also decide the color scheme in advance as your whole efforts will go waste at the end if there is a big mismatch. Once you have decided that shop for the furniture.
Brown: There is nothing like the shades of brown to bring out warmth and blend in nicely with just about everything. But be cautious to use brown colors in a small living room as it may dominate the room, oppressing the colors of your furniture and accents. Shades of Tan or taupe will work, although.
Toss Some Sofa Cushions. You can also add some cushions or pillows to your furniture, which adds color to your solid furniture. Bright and patterned cushions add the right color to your room furniture and also include comfort to your seating.