This will be perfect for our home office. I love the fabric. It does fold down easily for a bed. If you are taller than 6 foot, the arms will be in the way for you to fully stretch out. I'm going to throw an egg crate mattress on top prior to putting on sheets to add a bit more cushion, otherwise it will be a bit hard to sleep on. 
I am also extremely happy with the customer service. Fex Ex delivered the box soaking wet. When we opened it, it was smelly. Wayfair apologized profusely and sent out a new one immediately. Very friendly and helpful staff!