aakashr,anm,blasto
For an average home system (anything under 500K) I don't think one needs to hire acoustic 'experts'. The basic measures and tweaks to be undertaken are available on dozens of sites on the internet.
I believe we need to isolate 'problem' areas and look at them one by one. There may be a single problem or multiple problems. One needs to isolate and focus on one problem, discover a remedy, and then move on to the next one.
In
most cases the problem is not room acoustics. To put it plainly, the problem could be a lousy source, amplifier, speakers or cables. One or more of these components may need to be replaced. It could even be that the components are individually good but they don't work as a team. You need to be very very clear about where your preferences lie before building a system.
Source: CDP/Computer based/Turntable? Choose one carefully and stick with it until you have implemented the complete system. A CDP is the simplest route. The other two need far greater dedication, knowledge and research.
Amplification: Solid State or Tube? It is absolutely essential to be firmly placed in one or the other camp. Mixing both (imo) may lead to funny results. Integrated or Pre/Power? This decision should be based on budget, space and inclination.
Speakers: Floorstanders, Standmounts, Bookshelf? Three way, two way or a single driver?
Primarily, room size should decide speaker size. Speaker size and sensitivity should decide amplifier size Get this wrong and one can keep audio tweaking from here to eternity, with questionable results.
Cables: One does not need crazily priced cables and IC's, but a certain amount of cash has to be kept aside for them. Personally I would prefer all cables and ic's in a set up to be from the same brand and series. Both speaker cables should be of identical length.
Placement: In front of the short wall and firing down the length of the room. For tower speakers with a rear port, a distance of
at least three feet from the wall behind them. And at least two feet from the side walls. Deciding on the ideal distance between speakers will come from extensive auditioning. If the speakers are too far apart one may get a wide sound stage with little depth. Move the speakers closer until the depth increases and the width still remains satisfactory. One can keep moving the speakers closer until the sound from the two speakers starts overlapping, and then move them away from each other until a precise result is achieved. But it needs to be kept in mind that too much moving around of the speakers may cause damage to them! Speakers should
never be moved while the music is playing. I switch of the system completely or at least keep the volume at zero before attempting even a microscopic change in toe in. A little toe in reduces side wall reflections and increases depth. It also helps in locking in a precise sound stage and imaging. I prefer a little toe in as it makes my system sound less bright and fatiguing. Thick carpet between the speakers and listening position. Thick curtains on windows. As far as possible all glass surfaces in the room should be covered for 'serious' listening. The listening position should not be too close to the wall behind it, as indirect sound would be bouncing back from this wall.
Strictly 'dark' art recommendations

Borne out of personal experience and reading, with
no knowledge of sound engineering or room acoustics to back it up!