How small is your housing? Why are you limiting yourself to 8 square feet? Can you multi purpose a different room with a sensible piece of furniture and keep the scrappy stuff out of site? I re-purposed my dining room, looks like a dining room when my paper isn't out. Used dining room furniture is cheaper than any new scrappy storage too. This room cost less than $1000 (including lighting, table, chairs, china hutch, entertainment hutch, and buffet) and if my budget and dining room were smaller I could have done it for much, much less.