I bought small (1100 sq ft) 2br/1ba, single story house in a pretty solid market. The kitchen needs renovating, but instead of keeping it in the same 65 sq ft footprint, Im considering turning the second bedroom (130 sq ft - opens off of the living room, and has double doors to the back patio) into the new kitchen.
The current kitchen would be turned into an office/den or nursery. It is too small to be legally described as a bedroom.
My plan is to live here for a few years, then rent it. My thought is that the house will be very rentable to a young couple with zero kids, or a small child.
The second bedroom is currently in an awkward location in the house, and has the double doors out to the back, so isnt very secure if you wanted to keep your smaller child in it.
Im concerned about destroying value, since I bought a 2br, and if forced to sell down the road, will only be able to list it as a 1br. Albeit with a sweet kitchen and a den.