They just became more of a sitting room when I had a lot of company. And even then, people were afraid to sit in there. They are more just a showcase for furniture if you ask me.
I've been working with a lot of buyers and I've found that most of them feel like the formal living room is wasted space and they don't want one. The only buyers that I have worked with that want one are older buyers.
I love mine. Comments from buyers are we dont have enough furniture and some with younger children forego that use for the space and use it for something else. The buyers that I have experienced with older children or without any in the house love this space! Like I said these are the ones I have experienced. Hope this helps.
Yes, it seems that formal living rooms are becoming less in demand as home owners with families prefer a more informal family room and an addtional space for a play room, game room, or media room. Those homes that still utilize their living rooms seem to use it to display their quality art pieces and also have a formal dining room nearby for entertaining so that the living room is still functionable.
Prudential Connecticut Realty
The key differences are if it is a 1200 sf home, 1600sf home, 2000sf home or 4000 sf home, you have to use the space in most convenient way to how that home owner lives their lives.