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Built in bunk beds - This is so cute I love it. And then when they're older you can change the bottom bunk into a sofa area or desk area, when they want their own rooms!

from Apartment Therapy

6 DIY Ways to Make Your Own Platform Bed with IKEA Products

from Apartment Therapy

Before & After: From Ceiling Space to Playroom — From the Archives: Greatest Hits

Probably one of the smartest things I've seen in a while. How many homes have absolutely wasted space like this? Click to see the After picture