Loveseats are smaller than traditional three-cushion couches but they serve the same function. The best thing about buying a loveseat rather than a couch is that they take up less space, making your living room look larger than it is. If your living room is dwarfed by a too-big couch, it will cause the space to look even smaller.
Don’t take up precious floor space with an entertainment stand; mount your television on the wall if you can. That way, you can choose a piece of furniture with more available storage to put beneath the television rather than being married to an entertainment stand.
If you still need to store some of your excess items, like your off-season clothing, consider investing in under-couch storage that can be custom-built for your loveseat. You can hide your storage beneath the couch and you can also access it whenever you need.