Hosting the perfect New Year’s Eve party doesn’t have to break the bank. Whether it’s an intimate gathering or a full-on house party, these designer-approved tips will help you transform your space into the perfect venue for Dec. 31.

Less is more

“Go big but with less,” suggests interior design firm Decorilla. “You can create an impressive feature wall with two or three oversized balloons and a ‘Happy New Year’ banner. Too much decor can feel cluttered and overwhelming.” This focused approach lets your key pieces make maximum impact without overwhelming your space.

Set your color scheme

To avoid being all over the place, stick to the classic New Year’s palette of gold, silver and black, or opt for an unexpected combination like winter white with touches of rose gold, according to Decorilla. “One primary and two complementary tones are enough.”

Light it up

Create layers of light throughout your space. Mix metallic candleholders with twinkling fairy lights to create an inviting, celebratory atmosphere. Hang a disco ball in your main entertaining area or set one on a counter for an added pop. “With the rise of vintage elements in home design, revisiting the past with your New Year’s party is a great way to pay homage and decorate, especially with some decorative disco balls,” home improvement site The Spruce recommends.

Focus on the table

Your tablescape serves as both decor and a functional gathering space. Consider featuring different sizes and colors of champagne flutes and filling them with small, metallic ornaments for an eye-catching centerpiece, MarthaStewart.com suggests.

Create the perfect photo moment

For an Instagram-worthy backdrop, create a feature wall using metallic fringe curtains or oversized balloons, complemented by plenty of fun photo props like party hats and necklaces. “No one can take themselves (or others around them) too seriously when they’re covered in accessories from Party City — and this will help keep the environment fun, playful, and lighthearted,” Real Simple suggests.

To really wow your guests, make your own balloon drop for when the clock strikes midnight. These touches will make memories — and photos — even more special.