Hi Eric, I assume the goal is to open the area up between the kitchen and the eating nook, for that more open kitchen concept. I like the idea and think that your budget will ultimately drive your decisions on just how much remodel work to do. A simple rip and replace of existing product, cabinets, countertops, backsplash, plumbing fixtures, etc. within the space is always much more affordable than a remodel that considers moving things such as plumbing pipes, electrical, gas, HVAC and/or ventilation systems. A simple rip and replace also preserves the clients existing flooring, in your case hardwood, which would need to be laced in if you choose to remove the wall.

My best suggestion is to get some floor plan options drawn up for what you like and then begin to get some idea of pricing for your desired plan. A design build company can handle this for you, the advantage in having them guide you through the process is that you'll be certain that any money you decide to put into the project will add true equity to the home, where as poorly planned projects can actually hurt your sale should that ever become necessary. Good luck!

If you don't need the table, it sounds like a good plan.