Is knocking down a dining-kitchen wall worth it for an open plan?

[Benny Cash]

This is my first full rehab! How exciting is this!

I am rehabbing a small 1950's cape that I feel has a really good potential but like many capes of its vintage it has a pretty claustrophobic floor plan downstairs with many small rooms and 7' ceilings. The dining room and kitchen are each about 10x11 and I'm debating tearing the wall down that separates them. My first thought is that it was a no brainer, but my realtor got into my head when she said that it may harm resale to only have an eat in kitchen and not have a formal dining room. Which way do most of you all go on this decision? 

Taking the wall down would take very little effort and cost. I just don't want to shoot myself in the foot if doing away with a dining room is going to work against my goals.

Thanks for your input!

[Benny Cash]

Thanks for your reply Jaron. I should clarify that this will be a flip, and I would be DIY'ing the wall (I'm formerly a carpenter and this particular wall would be an easy one with regard to the great points you brought up).