A tiny balcony attached to your house or apartment does not have to remain an unused space. Transform your balcony into an inviting space with decorating small balcony ideas. These several decorating small balcony ideas may can give you a new inspiration. For example, add some color to your balcony by adding planters filled with colorful flowers. Select a variety of colors and styles, such as daisies, carnations and azaleas. For dual purpose use, add planters filled with marigolds, which have been known to repel insects.