A small living space often means few closets and limited storage space. When possible, purchase furniture with concealed storage (rather than open storage like shelves).
Buy kitchenware that serves as a beautiful accessory when not in use (since it'll likely be stored in plain sight). Bonus tip: Whenever possible buy products that "nest" (bowls, chairs, tables).
You can never have enough storage baskets. Use ones with handles to store extra blankets couch-side in the living room, or to serve as toy bins in a kids' room.
In lieu of a bulky coat tree, choose a design-minded coat rack that mounts to the wall. Hang coats, handbags, hats, scarves. Position several racks side-by-side as needed.
Whenever possible, choose furnishings that serve more than one purpose. Instead of negative space under the footboard, this bed frame features a bookcase for storage.