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.)?
We have 4 newly expanded Classrooms, 3 state of the art labs with over $275,000 of new machinery, and $600,000 spent on new exhaust and compressed air systems. We have 4 new CNC production machines, a Haas VF-3 CNC Router and a NEWCNC 4×8 multi head machine and 2 Laguna IQ Routers. Even our shop stools (with cushioned backs) are brand new. We have new course offerings such as our Computer Design Sketchup Class and 8 new Certificate Programs you can choose from.
While a strict figure for the bench’s weight capacity is not available, a quick browse through their other stand and bench products shows a general weight capacity well above most other brands. As such, while we cannot say for certain that this bench provides the best weight capacity, it is more than likely that it the capacity is similar to the other products in the catalog.
Next is the shelf. Start with the 24x48" piece of MDF. Clamp this on top of the base, and pencil in the outside of the stretchers and the inside angle of the legs. Flip it over, pull out your trusty cutting guide, and cut it to width and to length. Cutting out the angles is simple, with a jig saw. It's not much work with a hand saw. If you took enough care with supporting blocks and stops, you could probably do it with a circular saw. Since I did have a jig saw, I used it.
2. Did I mention the rain here? How is your shed built? Are flooring and walls sealed to prevent water blowing and leaking in? When we get our summer thunderstorms the winds can whip up the rain pretty good and I even have to make sure garage door is closed sometimes. The shed??? Yea. it gets wet inside no matter how much caulk I use on floor gaps. Mine is on slab and shed not really designed to be waterproof. That being said, even if I got floor sealed it still lets some water in where walls meet roof. Not lots but makes for extreme humidity (or dew point if you prefer) levels.
Having done all this, I'm not sure I'd do it this way again. It might well be faster to layout the positions with compass and straightedge directly onto the top. Either way, you'll want to use a scribe rather than a pencil. Scribe lines are hard to see, and impossible to photograph, but the scribe and compass points click into them, allowing a precision that pencils simply cannot match.

For one, the bench itself is a good size. While its width as a tad short at just over 1 ½’, the length is a great 5’ long. Even better, this bench is made out of birch wood. Birchwood is similar to beech in that it is strong but soft enough to prevent inadvertent dulling of your tools. However, birch has a bit of an advantage over beech in that it is not a porous which makes staining on the Windsor Design a more worry-free affair.

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Even with all of those faults my only regret is that it is too ugly. I didn’t take the time to make it more visually attractive as I was eager to get right into making beautiful furniture instead. Twenty years later the furniture is still beautiful (or not) but I go out to the shop and look at a drab uninspiring workplace. Yeah, nothing wrong with having a visually inspiring workplace in my opinion. All that shop furniture I slapped together years ago with no concern about aesthetics is getting replaced bit by bit. Why should my shop be downright ugly when it is one of my favorite places in the world to spend my time? I see no reason for that, but that’s just my opinion and as we all know everyone has their own one of those… Sadly, no one pays nor reveres me when I offer mine. bummer, I could be a rich egotistical maniac if they did coz I sure offer it enough. 😉

In the "Getting Started with Woodworking" video, the holes through the 4x4's were drilled from the back. That is, they start on the side opposite the precisely-positioned mark, and drill through to hit it. If they can do this, more power to them, but I can't drill through 3-1/2" of wood to emerge at a precise mark without a drill press - and not always then.

There is a mandatory safety class you have to take where they walk you around the shop and make sure that you know how each major machine works and general shop safety. You also have to sign a waiver saying you are participating at your own risk. You DO NOT have to take that safety class if you are signing up for one of their classes. They will cover those basics during the class.
The hacksaw will often damage the last thread when it cuts. Running a nut off the end will fix this. You'll have to run the nut all the way down from the other end. This doesn't take long, if you chuck up the rod in your drill and let it do the work. Hold the rod vertically, with the drill pointing down, and just hold on to the nut enough to keep it from spinning.
This particular tray is made using reclaimed barn wood but the author of the project Beyond The Picket Fence surprised everyone with one fact: reclaimed barn wood has often some areas turned pink due to cow urine. If you check the project more closely, you’ll also notice some areas of the tray being almost bright pink. That’s something you don’t see every day!

Glue up the trim on the end, first. Do a dry fit, first, then as you take it apart lay everything where you can easily reach it as you put it back together again, after adding the glue. To help keep the edge piece aligned, I clamped a pair of hardboard scraps at each end. I used the piece of doubled MDF I'd cut off the end as a cawl, to help spread the pressure of the clamps. Squeeze some glue into a small bowl, and use a disposable brush. As you clamp down, position the trim just a little bit proud of the top surface.
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.”

You can buy sandpaper, glue, and other consumables from them for a nominal price. Their hand tools are propitiatory though so you would have to buy a specific kind of orbital sandpaper, for example. You couldn't just get generic. They are reasonably priced though. There is literally a coffee can with money in it and prices written on the boxes with these consumables. If you think you might burn through enough sand paper on something, check the brand and price shop.
I marked the holes by putting a dowel center in the end of a long piece of 1" dowel. Run it through the holes in the base plate, and bang on its end with a mallet. Rotate it a bit and bang it again, and repeat. Odds are the dowel center won't be precisely in the center of the dowel, so you'll be making a small ring of marks. The center of the hole is, of course, the center of that ring.
Our stationary equipment runs the complete range from heavy-duty industrial machines, to inexpensive home shop type of tooling so that each student can compare and contrast the range and versatility of equipment at a wide variety of price points.  We spend time on what makes a good machine good, an adequate one adequate, and a lousy machine worthless. We have no commercial sponsors and will share our opinions based on our experiences regarding the quality of one manufacturer over another.  There is no better place to kick the tires on a variety of equipment than at our shop.     
After I left the magazine for a new job, I did all of my woodworking in my small two-car garage, but it was a struggle. Power, lighting, and temperature control were limited. And because I shared space with our cars I was always moving machines around, often while in the middle of a project. On top of that, my tool and machine collection had long since eclipsed the space. For all these reasons, fixing up the garage wasn’t an option. My finished basement is a family room, so it was out, too. An addition to the home or a stand-alone building would have been too expensive. I had to find a better path to a shop.