If space is tight, consider using a panel saw to cut large sheets down to smaller sizes instead of setting up to handle them full size. When building overhead shelves, consider that a comfortable vertical reach is from 77-in. to 88-in. Normal horizontal reach ranges from about 15 1/2-in. to 20-in.
If your home renovation requires new walls, you may want to consider using metal studs. They have many advantages in a basement area, where moisture and insects can be a problem. Metal studs are easy to assemble, and you can pre-cut several at once with a carborundum blade on a power saw. Then, they quickly fasten together with self tapping-screws. Metal studs are lightweight, fireproof, and recyclable.