You don’t know what kind of parties these are; maybe being close to the bedroom is important? ;-P
No, seriously. You don’t really believe you’re going to lug your grill stuff from the ground floor upstairs and then go back down for every beer. Forget it. As I already said: better to create access to the garden from the balcony below (or from the home theater room) and set up a comfortable grilling area there. You can have smaller meals at a small table on the balcony, but a big Sunday breakfast or a grill party with friends is better there.
The terrace upstairs is basically only for the cigarette afterwards or to put the baby outside (one of my nephews slept best outside as a baby, even when it was freezing cold).
I forgot where north was. One idea would be, of course, to give this luxury terrace to the kids and move the bedroom with dressing room to the upper right as per the plan, turn the kids’ bathroom into the parents’ bathroom and vice versa, and then enable at least two kids’ rooms to have direct access to the terrace. That would also make the long and ugly hallway obsolete.
Additionally, you could think about building a staircase from this terrace so you can get into the garden from there, too.
But never ever would I carry that gear upstairs and then back down again for grill parties! And then there’s a baby room and the kids’ rooms. If the little ones are still small, do you really want to party right next to them?
Forget that real quick!
I currently live in an apartment with a terrace at the basement level, the kitchen is upstairs on the ground floor. We hardly ever use the actually very nice terrace because it’s just too impractical. Upstairs there is only a very small terrace, just enough space for one chair, no dining area. Usually we grill there (we have a gas grill there) and eat inside by the open terrace door. Stupid!
We’re already looking forward to our house where the terrace is directly accessible from the kitchen and there are no stairs in between.