Reasonable amount of space for a 4 bedroom house hack?

[Adam Wayne]

Howdy y’all. 

I just bought my first house that I am currently updating and remodeling. It’s not a big house, 2 stories tall 1600sf and 3bed/2.5bath. I’ve been going back and forth in my mind about the best way to handle this investment. I’ve been planning to delete the family room and laundry room and turn them into another bedroom and full bath, so that I would have 4 bed/3.5 bath.

This has been my game plan since I bought the house, but I’m starting to have second thoughts about it. I know that 4 people is a lot for such a small space. Basically the whole house will be bedroom or bathroom with the exception of the good-sized kitchen, large, open, dining room, and decent sized living room. 

As of right now I’m planning to rent the two spare bedrooms upstairs and make the 4th bedroom an office, and see how the house hack goes,  but I was curious if any of you have any experience or thoughts that you could share with me?

Thank you!!