This will be long so please bear with me.
Home: I should be considered a permanent resident. I have been here since 1993, I love my house, it was built the way I wanted, and it has been very good to me. There are only a few situations under which I would move happily. I have enough land to build a dream shop if I wanted to. But the economy over the last few years has certainly an effect on my family because I am a contractor and although I see better things in the future, I am more than hesitant to make a large investment when I know that there will be minimal payback with the exception of my mental health and pleasure time.
I have 2 - 10 x 12 buildings. One was built only to be crushed by a tree back in 2003 and I took the insurance claim and repaired that building (including some walls, new roof, new footings, new window and doors, vinyl siding, etc. - all without dealing with the carnage inside.) My wife and I then decided to build another building adjacent to that one. You might wonder why 10 x 12 sizes. That is the maximum that I could build without a building permit. The second building was a copy of the first, then the dreaded "While we are at it" syndrome kicked in. I have replaced too many doors because of rot due to not overhang, so there came the covered porch. Then there was the panel saw sitting in the driveway rusting. Hey, how about a rear covered porch? Then there was the "What if the material is too large to fit inside to allow working on it?" The answer - a front deck.
BUT - no electricity. My house has plenty of amperage, too bad it has a small exterior panel box. My panel is maxed and to run power to the shop would require a sub panel or main panel replacement and then running 125 ft of cable in a route that would not damage the roots of the trees which are incredibly valuable to me. All this adds to costs that I am prepared to do - if I can prove to myself that I will be able to use the space.
As I wrote earlier I never set foot in the old shed (with the exception of tossing stuff aside to set the new door and standing on debris to install the new window) from the fall of 2003 until 2011. No kidding. Any woodworking stuff I had in there became redundant or I just didn't need. I cleaned out that area in 2011 and gained some space, but that space was quickly eaten up by moving stuff out of the compact house. Trump's Cottage wasn't being used for woodworking so it had also become a storage place.
That is why the rented space became necessary when a business opportunity came about. That venture didn't work out as expected and although I never expected it to replace my day job as a contractor - I frankly lost money on the venture - partially because of the rental costs and also the inability to spend the snippets of time I talk about in the video and the costs of going to and from the shop.
I don't have any large tools any more with the exception of the panel saw which hasn't been used since 2006. As I was building my contracting business I forced myself to be portable and refused to buy anything permanent. The panel saw was a prize in a contest. I now pretty much only use Festools now and want to continue down that path. The majority of my Festools travel with me every day, so they would be moved in and out as needed for a project and augmented as needed. I could see a second MFT/3 staying in the shop while the original travelled. I have a thickness planer and a small portable table saw that would mainly be residents of the shop stored until needed. I did save an old portable drill press from the carnage of the old shop and if it works it might also reside. I have a home made router table that may be replaced by a CMS in the future, but that is about all that I can see in the near future.
I can image using this space to build nothing more than a cabinet or two at a time knowing that I might have to move some materials or semi finished projects outside. I want to be able to quickly get to my tools if I read something here that I want to try in person.
The Project: I don't think that it will be a waste of time and money to prototype based on what I have written above. If the result is that I can't work in the prototype space, then plan B would come into play which is to build an addition to the house that although I would be using it as a shop now could be converted to living space in the future. That space would have quite a few limitations, but in thinking about my situation I can't see a large free standing shop or even a two car garage any time soon. Any materials used in the prototype could be reused in that add on situation. If the prototype works out, then I have other places to store the materials or I could donate them to a charity or the local vocational program at the high school.
I don't think that it would come to a surprise that I have a huge appreciation of this forum and the contributions of the members that help and nurture others. I can assure all of you that I am not doing this to bring attention to myself. I have a situation that exists, time to spend toward this, and most importantly to me a tool to be used to possibly take ideas from the members, mix them with mine, and share with others who might be looking to have a work area in their own smaller than optimal space.
Hopefully by the end I will have better video skills, I will be more comfortable and better in explaining things, I will have tried out some different tools, and others will have benefitted some how. And I will know over a period of time if that size can suit me for the current time until the stars align for something better.
I hope that this helps.
Peter