This day in age, nothing is too creative for saving space and money. I get a real kick out of things that can transform from something beautiful into something that works beautifully well.
I came across a very interesting slideshow on treehugger.com featuring incredible and space saving furniture. This makes perfect sense when you want a guest bedroom, but don’t want to allocate too much square footage for it. Furniture such as this can allow you to be more flexible with the space you currently have or will have in the future.
Who wouldn’t want a chair that turns into a table or a bed that comes comes from the ceiling when you need it and back up when you don’t?
My favorite is the room in a box. An entire set with bookcase and desk all compacted in a box. Here is a video of it being set up.