Home value question: Keep small room or open up space?
 

It's a 4br 2.5 bath, 2 story house. Everything is upstairs except for the guest bathroom and a tiny room right next to the main entrance.
I'd like to tear down the wall and open up the entrance space to make a mud room / reading den.
While it would look and feel better, would it be a bad for the home value since I would be losing a bedroom?

(entrance on right, small bedroom on left)
http://img.photobucket.com/albums/v1...e/IMG_4272.jpg
gives you an idea of how narrow the entrance is currently
http://img.photobucket.com/albums/v1...e/IMG_4273.jpg
size of the small bedroom
http://img.photobucket.com/albums/v1...e/IMG_4274.jpg

I'd suggest contacting a real estate agent and having them come look and give you some advise. They will have a better feel of whats selling in your locality and what buyers are lookin for.