I would say take the shed, you'll find some use for it. I have contemplated this question also. I have a 20' x 11' basement shop, thats quickly loosing space. If you live in an area with a harsh winters (say the Midwest), does it make sense to heat the shop through the week if you are only working in the shop on the weekends? Or do you run the heaters just when you are working in the shop? What kind of heaters are recommended (radient, wood stove, etc.)?
I decided to make my own top out of white ash because I had access to a planer and jointer at my local college where I was taking an intro woodworking class. Trim and vice jaws are white ash as well. Everything else is built pretty much as jdege describes. A plunge router with a 3/4" spiral up bit really made quick work of the dog holes. Finished with Danish oil.
One aspect of the Windsor Design that is hit or miss is the vice. Notice we have to use the singular when describing it because this is the first workbench that we have reviewed which features only one vice. To make matters more frustrating, the vice cannot be repositioned along the bench. That said, the vice does at least have the largest capacity out of any we reviewed. At 7” capacity, the Windsor Design vice can secure any size workpiece you may have.
Once you have all the clamps on, take off the scraps of hardboard. You can clean up the glue squeezeout with a damp rag.. When the glue is dry, trim down the strip flush with the panel using a router and a flush-trim bit. Then cut off the ends of the strip with a flush-cut saw, and clean up with a block plane, an edge scraper, or a sanding block. Leaving the ends in place while you route the edge helps support the router.
The course successfully meets the needs of multiple experience levels in a safe, well equipped, spacious, congenial, and educational environment. All instruction and lab experience is under the personal direction of master woodworkers as well as one or two additional experienced woodworkers/teacher assistants who are on hand during all lab hours providing roughly a three-to-one student-to-instructor ratio. Intermediate to more advanced students should not be put off by the fact that beginners are also included in this course.  Check out some of the work done by our alumni in the Alumni Furniture Gallery to get an idea of what our students are capable of.
This table top is also made from the hardest wood out of any manufacturer we reviewed: oak. In fairness, this can be both a blessing and a curse. The oak wood is extremely durable and noted for its lack of a porous nature. This means the top can withstand plenty of abuse from tool and workpieces. Moreover, you will not have to worry about liquids like lacquers and stains from being absorbed into the top. That said, the hard oak can also do a number on tool sharpness, dulling them prematurely if they are not carefully handled.
If you're using drywall screws, you'll want to countersink the holes. Drywall screws are flat-head, and need a countersink to seat solidly. If you're using Kreg pocket screws, the way I did, you won't want to counter-sink the holes. Kreg screws are pan-head, and seat just fine against a flat surface. Both drywall screws and Kreg pocket screws are self-threading, so you don't need pilot holes in the second sheet of MDF.
For most of the course, we'll be heavily focused on developing your skills using hand tools. As a developing woodworker, there is no substitute for putting in the hours of direct hands on practice it takes to gain an intuitive understanding of wood. The early part of this course focuses on working with hand tools as we believe they bring you closer to wood as a material.  You can rip a board on a table saw with out much thought to the wood itself, but you will understand much more about grain if you rip a board with a hand saw.  As the course progresses, machine processes are introduced as a pragmatic aid in expediting projects.  
Not sure about Midwest but I have a 24 x 14 Game rm attached to my shop and I put a small window unit/heat pump in the wall. It stays comfortable all year round. It get really hot here and we had a several day in the 20's this winter but it's insulated well. That might not be as cold or as hot as in some places but the unit I haze does not run that often and has a low cost rating. I'm planning on putting a larger unit in the shop area even though I do like to work with the garage door open. The door is insulated so I can run A/c in there. Just my .02.
In this class, John will explain and demonstrate safe spindle turning techniques for turning a bud vase or a carvers mallet, an essential tool for anyone wishing to sculpt wood or make hand made joinery. Objective Through hands-on learning students will gain experience and confidence using our new Laguna mini lathes. You will develop an understanding...
In 2006 Jonathan Schwennesen had an opportunity to begin an informal apprenticeship at the age of 17. He spent 4 years working as an apprentice in the Heritage School of Woodworking, learning the fundamental skills needed to build custom and speculative pieces of furniture. Next he began working for Homestead Heritage Furniture building custom furniture for different clients, gaining additional experience and knowledge making Windsor chairs, federal-style cabinets, clocks, workbenches, sleigh beds and even a waterwheel! It was during this time that he began to show an interest in teaching. Jonathan became a teacher’s assistant in 2009. He quickly began gaining the knowledge and skill to teach some classes himself. Now he spends most of his time working for the woodworking school. “My desire is to teach others an important aspect of life: working with your hands.”
This instructable shows how to build, with basic tools and readily-available lumber, a bench that provides most of the function of a traditional woodworker's workbench. I began with a design by Asa Christiana that was featured in the second season of finewoodworking.com's video series Getting Started in Woodworking. The project plans are available on their website.
I can't recommend this place highly enough. As someone who wants to test the waters in the hobby of woodworking this is the perfect place. They have all of the tools you need to complete your project, and they are great with helping beginners. I began as a skeptical customer but the staff was super ready and willing to make sure we could rectify a misunderstanding.
Another wooden item that I love very much is a beautiful mobile holder. You can see one in the image below. These things are not only beautiful, but they can comfortably hold any sized mobile and ensure proper safety. Another amazing thing is that they can be built in many shapes and sizes, as and how you need it. You can see some more examples at the source below

As you can see in the image, this shelf goes on both sides of the corner wall. It looks beautiful and can be used to organize books, trophies, pictures frames and many other things. The strength and design of the shelf depends on how properly you build it. First time workers definitely need some guidance to help them with the process. Therefore, I am including this basic video that I found on YouTube that demonstrates the process of making corner wall wooden shelves.

An excellent introduction to woodworking is to use crates as your main material. The boxes are already formed, which means less assembly work for you—yet it looks impressive once your project is altogether. With this crate coffee table, you still get to practice your skills adding the casters and the center box. Finish with a little stain, and this table is ready to roll. You can find the full tutorial at DIY Vintage Chic. 
Whether you're just starting out or wish to upgrade your important hand tools, this 5-Pc. Professional Woodworking Kit with matching rosewood and brass accents has all the essentials for producing the very best work. This fine set includes a 9" smoothing plane, 6" block plane, 9" try square, 9" marking gauge, 9" bevel gauge and a fitted wooden case.
Here, I am writing about another DIY project that involves the use of an old furniture piece. I think that the idea of reusing and recycling old furniture has got to me. Anyways, I am starting to love it. This project involves using an old door to build a beautiful multi picture frame, as you can see in the image below. This frame looks really wonderful and can be used to hold many pictures at a time.
On completion, you will graduate with a set of self-made tools, fixtures and storage units (not to mention the skills required to build them) that will serve and last you the rest of your life. You’ll be amply prepared to continue your woodworking education into specific trades such as architectural woodworking (finish work); custom door and window construction; solid-wood furniture and cabinetry; and boatbuilding. Over the course, we invite guest lecturers from the community to share their experience of becoming vocational woodworkers in these trades. 

Our Lexington model was designed to match many traditional New England homes, in Massachusetts and beyond. The steep pitch of the roof is built to withstand sometimes-punishing New England snow loads and complement today’s home design styles. Post Woodworking can match most vinyl siding colors, so that your shed color will coordinate with your home as well. And as is the case with all of our sheds, interior solar lighting is available to light up the night.
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