I'm used to make do with relatively little space. My general strategy is to think vertically and utilize wall space. A room has only one floor but typically four walls. Also, shelves, i love shelves.
I'm in the process of building my new "hobby room" myself. We just moved into our new house and I'll finally have a dedicated room for this again. Here are a few photos of my progress so far, maybe it'll give you a few ideas.
Here's the main section of the workbench. MDF board supported by a...