Formal dining rooms…who needs ’em, really? Especially, those of us with limited square footage and the fact that we really want our homes to accommodate our lifestyle (not the other way around, sheesh!). With a little creative thinking, this typically “use-twice-a-year” space could be transformed into a fabulous library, guest quarters, play or craft room, or, a combination thereof. Installing bookcases like the ones above from IKEA (Billy), refurbished desks or dressers, or repurposed entertainment centers, is all you need to reinvent this area of your home. The key? Think multifunctional and moveable when it come to placing furniture like a flex sofa bed, coffee or side tables on casters, plenty of storage, and simple accessories and lighting. Now that’s a way to use up space…no black ties required.