Is this a cape or ranch? Does the orientation of the staircase have you overlooking the foyer? Do you really need the formal living room? I would remove the closet plus change the orientation of the stairs instead of a bend at the landing make it straight.

This is a 2-level house.We rarely use the formal living room. Formal dining room is used once a year. Would buyers want to have both formal living and dining room?

These days no one is looking for a formal living room but it does add value to your home. You can always shorten the formal LR and make it your library/office. Once the formal DR is extended the wall with that is sharing the staircase you can make a pantry. The library room on the right can become a laundry room/bath.

Photos of the stairs/living room connection would be helpful. What's the facade/entry look like? Could the library be opened into the garage and split to become a narrow mudroom and laundry?

Not sure, but first impression is that stair balusters are too far apart to meet code. Check into that. Where are all the step-downs? I see one from foyer to living room. Is there another from kitchen to family room? I would use the living room as the family room, dining and "west" 1/3 of kitchen as new kitchen, family and 2/3 of kitchen as new master suite. Direct traffic from garage into library which becomes mudroom/laundry.

nt2014 how is your project going?

The stairs seem to be quite wide and i do not know why this is looking asymmetric.