Hello Dear....

Color schemes depend on lot of factors like : 
 
The size of the room.
 
 
Lightening (both artificial and natural).
 
 
The functional requirement of the room (whether drawing room, bed room, childrens room etc.)
 
 
The type of furniture and furnishing being used in the room.

Cool colors:

Light colors are cool colors such as white,green,pink,blue etc.

Here are various effects of Cool colors and color schemes on homes are following :

EFFECTS OF GREENS : 
 
Greens give the fresh coolness of nature.
 
 
These are the most popular shades for living rooms.
 
 
Any shade of green gives pleasant look with blue and gray.
 
 
Any shade of it gives attractive contrast in colors with orange, peach, pink or light brown shades
 
 
EFFECTS OF WHITES : 
 
These are neutral and create an impressive feeling of wide-open space and cleanliness.
 
 
On ceilings whites appear to enlarge the height of a room.
 
 
It can contrast with any color easily.
 
 
Mellow whites which are white in a light shade of blue, cream, pink, yellow or green are becoming trendier in stylish homes today.
 
 
THE EFFECTS OF PINKS : 
 
The softness of pink shades lend an air of romance to surroundings.
 
 
Some pinks can also make whole rooms appear enlightened.
 
 
In childrens bedroom it can be absolutely charming.

EFFECTS OF BLUES : 
 
The Blues recall nature.
 
 
Shades of blue used with white can bring a feeling of crisp morning air.
 
 
Blue is the ideal shade for bedroom.

Warm colors :

Dark colors are the warm colors such as yellow,brown,red etc.
 
Here ar various effects of warm colors and color schemes on homes are following:

EFFECTS OF YELLOWS : 
 
These shades enlighten a room in a cheerful, sunny sort of fashion.
 
 
Never paint a very large wall continuously with any yellows. This would make the room seem over warmth.
 
 
EFFECTS OF BROWNS : 
 
These shades are becoming more fashionable today.
 
 
Shades of brown blend excellently with wooden furniture.
 
 
Brown shades such as light brown can be contrasted with blues and greens excellently
 
 
Peach (reddish brown) may be used to stunning effect when contrasted with grey or yellow or white.

EFEECT Of RED :

Colors like terracotta (soil), deep reds, brown give your room a very ethnic look and warm.

  For more details click the links below :

http://gharexpert.com/articles/Bed-Room-1486/Cozy-Winter_0.aspx?PL=2&ArticleID=576&Catid=1358&count=1

http://gharexpert.com/articles/Whitewash-596/What-various-effect-colors-color-schemes-on-home--0.aspx?PL=2&ArticleID=596&CatID=1360&Count=-1&Tot_Rec=17&Page_Id=&Estimator=

Thanks