We had a nice wet bar, which was nothing more than storage, and now we have a larger living room/entertainment area. The ceiling was raised and now we can fit a regular sized couch their and also see our fireplace. Yippee. 20 years ago the wet bar was an add on and very classy. Just not us.
You're lucky it was just 24 sq. feet. In our first house, the entire basement was one 70s party house -- orange shag rug, burnt-wood panelled walls, then half wood half orange burlap, a dance floor with a mirrored wall and a huge bar on the other side. Needless to say, it looked like we'd performed a miracle when it all got ripped out. :)
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