12'x15' is a nice size for a home theatre. I say go for it.
Will the room be closed off (with doors) or will it have openings to other parts off the first floor (hallway)?
And even though it is going to be a family living room rather than a dedicated theatre room, will you be laying it out like a home theatre: couple rows of sofas, projector and big screen?
Or will you be laying it out more like a living room: couple sofas facing towards the middle of the room (for conversation) and TV at one of the walls?
Will the room be closed off (with doors) or will it have openings to other parts off the first floor (hallway)?
And even though it is going to be a family living room rather than a dedicated theatre room, will you be laying it out like a home theatre: couple rows of sofas, projector and big screen?
Or will you be laying it out more like a living room: couple sofas facing towards the middle of the room (for conversation) and TV at one of the walls?