DIY Storage Bed Frame - best use of space of your room. If you have basic power tools (circular saw, drill machinery, electrical screwdriver) and know the basic woodworking skills, you could get the job done by yourself in just a weekend.
Similar to an idea I have, using shelving units to split the sleeping are in a studio space. My idea involves lining shelves along the side of the bed and resting the headboard against the wall (via Helenes Affordable Atmosphere Small Cool Contest
Linen Closet: Roll with It. Save space in a shallow linen closet by rolling up towels instead of folding them. Put lost space to use by installing towel racks on the back of the door to hang wrinkle-susceptible linens, such as tablecloths.
This ubiquitous wooden magazine holder from ikea (KNUFF magazine file) turned out to be the perfect catch-all shelf for our stuff, and all we had to do was put a coat of stain on it, turn it on its side and mount it in the corner of our entryway.