On the surface it would appear as a bad idea considering most people would prefer the 4th bedroom and the cost to convert would be close to $10,000. However, it depends on what you would be doing and if it would add value to the home in any way. Are you converting the area to a formal dining area, Are you adding a formal living room or creating a great room? Is there functional obsolescence the way the floor plan is currently laid out?
In short the answer is...it depends. However, if you are simply breaking down a wall and there is not an increased value to your future prospective buyer then I would recommend leaving it as is.... more