Bed couch with draws, shared room, space saver. this could go in bedroom area. like the shelves idea, too. can add a light wooden dining table and a few comfy folding chairs to make cool dining area in bedrm space, if bed moves to living room area.
This is a perfect combo of my two favorite ideas for that space under the stairs leading to the basement. A reading nook AND book storage and shelves . assuming that there is enough space for this there.
comfy seats, varied and plentiful book storage, art/decor that appeals to the whole family, and some organization so kids find what they want. Tips to creating the perfect reading nook for your kids by Anne with an 'e' via Time Out for Women"