We're so excited, we just bought our first home!
We're looking for some advice on what color to paint the walls; a color that would coordinate well with the hard wood flooring.
I've always loved warm beige colors and earth tones.
We plan on buying a simple sectional for the living room - also open to color/fabric suggestions!
We're leaning towards going with (timeless?) black/brown leather.
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My what a big home you have! Is that REALLY a picture of your new home or are you pulling our leg? Anyway, with honey colored hardwood floors you really have a lot of options, but in a living room we'd choose a "warm" color - probably in a pale shade or off-white so as not to darken your interior. You could also definitely do an accent wall in a stronger color on the wall that has no windows in it to spice things up a bit.
For inspiration, you should look at the links below and also at this year's color contest home page. There are over 80 colorful homes listed there and many great ideas. Also, we have a personal love of these two colors if you want to check out something very specific:
• Pirates Cove by Benjamin Moore
• Wheatfield by Benjamin Moore
• How To: Choose a Wall Color & Not Screw It Up
• Apartment Therapy on Color 101: Cool Colors & Warm Colors
• AT ColorTherapy (Get ideas for color from AT's ColorTherapy posts).