There’s a lot to like about multifunctional furniture, no matter the size of your home. Of course, there's no shortage of clever, double-duty designs out there on the market, but the classic storage ottoman remains a top favorite. Indeed, it may be the single most versatile piece you can own. With wood-frame construction and richly textured upholstery, this one from Target offers hide-away storage for countless home accessories under its padded, lift-off top, even while serving as a footrest beside the sofa, a home office side table, or a seat for extra guests. Available at Target; $24.99.