Living-room-wall-colors-for-2014, the first step in selecting living room wall paint is identifying which overall family from which to select your hues. all of the most popular room color ideas fall under one of two major schemes -- warm or cool. warm colors are rooted in a gold or yellow base and are often incorporated throughout traditional decor.. Your living room designs will be shaped by textiles, luxury furniture and accessories much more than by simple wall paints. when selecting the color palette for your space, first find a creative inspiration piece such as an elegant throw pillow, a unique piece of art or your living room furniture .