My small suggestion is not as nice as Molly's, but it works for me. I have a livingroom/office/studio and have to put everything away each evening. I have a desk which holds the computer in an "L" in the corner, and I have plastic rolling carts (from Target, WalMart, etc) underneath that hold my supplies. I do not paint in the corner; I roll out the carts when I paint, the tops of which hold my pallet and brushes, and roll them back away when I am done. This saves me a huge amount of space, and when I get a real studio one day I can still use the carts in myriad places throughout the house... laundry room, kid's room, storage. Then my brushes and pallet are put on the top of a bookcase up high and the wet paintings are hung on the wall. Actually, Monet had a
nice system for this that I'd love to copy: molding to lean the bottom of the canvas on so that it leans forward facing down.